Avalanche ($AVAX ) has witnessed a surge in whale activity this week. A total of 8.66 million AVAX ($161.41M) was transacted a few days back, according to data provided by IntoTheBlock. Analysts predict a potential breakout to $25 if key support holds.

Whale Transactions Surge, Boosting Market Confidence

  • 158 large transactions were recorded 2 days back, marking a 249% increase in whale activity.

  • At that time, AVAX price saw a 0.17% gain to $18.69, while trading volume spiked 13.05% to $283.41M.

  • Over the past seven days, 383 whale transactions (worth $226.92M) suggest strong market backing.

This heightened whale activity could fuel a sustained AVAX price rebound.

Institutional Interest In AVAX Heats Up

Institutional players are taking notice, adding to the bullish sentiment:

  • World Liberty Financial (WLFi), linked to Donald Trump, invested $2M in AVAX.

  • Franklin Templeton launched an on-chain U.S. Government Money Fund on Avalanche, signaling growing institutional adoption.

  • WLFi's additional $3.62M USDT reserve suggests future crypto investments could further support AVAX.

Source: X

Can AVAX Reclaim $25?

Analysts believe AVAX could hit $20 soon. It will set the stage for a potential breakout to $25.

  • Avalanche9000 upgrade in Dec. 2024 was expected to boost adoption. AVAX has yet to retest those levels.

  • Some projections still suggest a long-term price target of $240.

With whale activity, institutional interest, and technical resilience, is AVAX primed for a major rally?

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