Crypto News

Mysterious Transaction Sends AVAX Plummeting: Crypto markets were in for a wild ride today as one particular transaction sent shockwaves through the community. According to onchain detective Zachxbt , an entity moved a whopping 1.96 million avalanche (AVAX) to various exchanges, causing panic among investors. Exchanges Flooded with AVAX: The massive transfer of AVAX to exchanges sparked speculation that the entity was planning to dump their holdings. This led to a frenzy of selling, causing AVAX to plummet almost 10% in the last 24 hours. Many traders rushed to exit their positions, fearing a potential market crash. AVAX Withdrawn for Bitcoin: However, the plot thickened when it was revealed that the entity had withdrawn millions in bitcoin (BTC) after the initial transfer of AVAX. This raised suspicions that the transaction was part of a larger plan to manipulate the market. Traders and analysts are now closely watching the movements of both AVAX and BTC to see if this tra...