A flow of $180 million from
$AVAX to Coinbase over 6 months… and users are asking: why?
Avalanche is currently trading near $9.07, down 3.35% in the last 24 hours, but the price drop is not the whole story.
📊 Chain data shows the transfer of $180 million worth of AVAX to Coinbase over the past six months, raising questions about who is selling and why.
This figure represents about 1.88% of the circulating supply, a continuous flow that some analysts see as one of the main reasons for the weakness in bullish momentum despite the market recovery.
🔸 A massive transfer worth $104 million
Concerns grew after a single transaction of $104 million was sent to Coinbase all at once.
⚠️ Large transfers to exchanges are often interpreted as readiness to sell, and this enormous amount immediately caught attention.
💬 A community member commented:
"Was $104 million transferred in a single transaction?!"
When asked about the entity, the mysterious reply came:
"You know who…" 🤔
📉 Some see this data reflecting a broader problem facing Utility projects in the current cycle.
💭 Trader's opinion:
The period from 2025 to 2026 was worse than 2019 for serious projects, due to the dominance of meme coins that pulled liquidity and interest away from real projects.
📉 AVAX holders who did not sell during the decline may now be in a worse position than those who exited early.
#AVA