Avalanche Crypto Eyes $25 Breakout With 8.66 Million AVAX Push

cryptonews.net 19/03/2025 - 08:50 AM

Avalanche (AVAX) Crypto Activity Surge

Avalanche (AVAX) crypto is experiencing a surge of activity, with whales in the ecosystem recording significant transaction volumes.

According to data from IntoTheBlock, in the last 24 hours, Avalanche whales conducted transactions totaling 8.66 million AVAX worth $161.4 million.

Avalanche Crypto Whale Transactions Gains Momentum Fuelling Optimism

This large volume was executed in 158 transactions, representing a 249% increase in trade activity within this timeframe, signaling a renewed interest in AVAX among coin holders in the crypto market.

Remarkably, this substantial rise in transactions aligns with a slight price increase of AVAX, which rose by 0.17% to $18.69 in the last 24 hours. Trading volume also rose by 13.05%, reaching $283.41 million during the same period.

Analysts suggest that Avalanche may experience price growth, potentially reclaiming its previous heights if support levels hold. Over the past week, AVAX has maintained a steady growth of 9.08% in price outlook. Although still far from the $25 level it hit around 30 days ago, AVAX has found support at $18 after climbing from a low of $15.49 in the last eight days.

In total, Avalanche whales completed 383 transactions valued at $226.92 million in the past week, indicating strong activity from large holders which may lead to a sustained rebound for AVAX. These transactions refer to market values of $100,000 or more, highlighting the commitment of these whales to the network.

Institutional Interest and Potential for a Breakout

It seems AVAX is also garnering institutional interest. Recent developments in the crypto space, reported by Arkham Intelligence, have revealed that World Liberty Financial (WLFi), a crypto firm connected to former U.S. President Donald Trump, is interested in Avalanche. The firm has reportedly invested over $4 million in cryptocurrencies recently, including $2 million in Avalanche’s token and Mantle Network’s token (MNT).

Additionally, WLFi holds $3.62 million in USDT in a crypto wallet, indicating potential future purchases.

Notably, Franklin Templeton, a global asset manager, launched its on-chain U.S. Government Money Fund on Avalanche in August 2025, signaling further institutional interest.

Can AVAX Price Reclaim $25?

Analysts believe the recent influx of funds toward Avalanche crypto may indicate broader investment strategies concerning the asset. Following major upgrades in December 2024, many in the Avalanche community had high hopes for a price surge. Despite predictions of AVAX reaching $240 in the long term, the price has yet to rebound to the December levels.

However, new predictions suggest that AVAX whales could initiate a rebound journey for the coin, potentially retesting the $25 mark. Analysts anticipate that if AVAX investors trade the coin effectively, it could rise to $20, setting the stage for a breakout.




Comments (0)

    Greed and Fear Index

    Note: The data is for reference only.

    index illustration

    Greed

    63