🚨Crypto Alert!🚨 AVAX, the native token for Avalanche, is feeling the heat, plunging over 10% to its lowest since December 2023. In the last 24 hours, it's crashed from $27.87 to a six-month low of $24.92. 😱 Over the past month, AVAX has plummeted 37% as altcoins bear the brunt of the crypto market pullback.

So, what's causing this AVAX avalanche? 🤔 Some attribute it to the fading AVAX hype, while others are baffled, considering Avalanche's impressive growth momentum. Major game developer Konami is even launching an NFT platform, Resella, on the Avalanche blockchain. 🎮

Meanwhile, blockchain detective 'ZachXBT' has noticed a whale moving large amounts of AVAX to centralized exchanges. This massive move has seen AVAX's market cap fall below $10 billion, and its ranking drop to 14th. 🐳

Despite the current dip, Avalanche has been a crypto darling this year, with its real-world asset tokenization narratives and major partnerships. It even hit $60 in the mid-March rally, although it's still down 83% from its November 2021 all-time high of $145.

As the crypto market continues to correct, altcoins like Cardano (ADA), Chainlink (LINK), Near Protocol (NEAR), Polygon (MATIC), and Fetch.ai (FET) are also feeling the pain. But hey, in the world of crypto, it's all part of the ride! 🎢 Stay tuned for more updates! 🚀