Why Did AVAX Fall?
Between 05:13 - 05:21, a whale wallet transfers 1.96M#AVAXcoins to a wallet
It starts selling through decentralized applications at 05:36.
As of 05:50, it starts making transfers to central exchanges. They transfer and possibly sell to Binca, Coinbase, HTX and MEXC exchanges until 09:46
To Whom Does It Belong?
It is said that the bankrupt Terra's reserve arm, Luna Foundation Guard (LFG), is selling, but when I looked at their wallets, there are 1.97M AVAX in the wallet, there are no sales. There is such a claim because there is a similar decrease with #LUNC.
Via: CryptoPNZ
