🚨 BREAKING: MAJOR AVAX → ETH ON-CHAIN MOVE
A suspicious-looking sequence of transactions involving Bitget-linked wallets has triggered major attention across the crypto market. 🕵️♂️
🔺 $AVAX Flow
Between 21:19Z and 22:39Z, around 1.56M AVAX was reportedly sold back into USDC at an average price near $9.81.
💰 Large $USDC Deployment
Earlier, approximately 8.2M USDC was used to acquire AVAX at around $11.08, while Binance was showing roughly $10.48 at the time.
📉 Estimated Cost
The round trip reportedly resulted in around $1.3M in losses compared with Binance reference prices, while the transaction volume was approximately 2.4× Binance's AVAX/USDT volume for that hour.
🌉 AVAX → Ethereum
The resulting funds were bridged to Ethereum, largely through Circle's own bridge, and ultimately represented around 5,651 ETH.
👀 The 5,651 $ETH was already included in the approximately 66,213 ETH accumulation identified at 22:48Z.
⚠️ These transaction patterns alone do not establish who controlled the wallets or why the trades occurred. On-chain movements should be interpreted carefully until the parties and circumstances are independently confirmed.
#AVAX
#ETH #Crypto #OnChain
A suspicious-looking sequence of transactions involving Bitget-linked wallets has triggered major attention across the crypto market. 🕵️♂️
🔺 $AVAX Flow
Between 21:19Z and 22:39Z, around 1.56M AVAX was reportedly sold back into USDC at an average price near $9.81.
💰 Large $USDC Deployment
Earlier, approximately 8.2M USDC was used to acquire AVAX at around $11.08, while Binance was showing roughly $10.48 at the time.
📉 Estimated Cost
The round trip reportedly resulted in around $1.3M in losses compared with Binance reference prices, while the transaction volume was approximately 2.4× Binance's AVAX/USDT volume for that hour.
🌉 AVAX → Ethereum
The resulting funds were bridged to Ethereum, largely through Circle's own bridge, and ultimately represented around 5,651 ETH.
👀 The 5,651 $ETH was already included in the approximately 66,213 ETH accumulation identified at 22:48Z.
⚠️ These transaction patterns alone do not establish who controlled the wallets or why the trades occurred. On-chain movements should be interpreted carefully until the parties and circumstances are independently confirmed.
#AVAX
#ETH #Crypto #OnChain
