ZachXBT: AVAX’s decline may be related to an entity transferring 1.96 million tokens to CEX

According to TechFlow, the on-chain detective ZachXBT posted on his personal channel that the decline of AVAX may be related to an entity transferring 1.96 million tokens (about 54.2 million US dollars) to Coinbase, Binance, and Gate.

According to OKX market data, AVAX fell 10% in 24 hours.