AVAX Price Drop: Can Whale Activity Turn Things Around in October?

Jakarta, Pintu News – The crypto market has recently experienced a significant correction, and Avalanche (AVAX) is no exception with a 5% price drop in the last 24 hours. However, accumulation activities by whales and increased on-chain activity suggest strong rebound potential for AVAX.

Why did AVAX Price Drop?

Avalanche’s (AVAX) price drop in the last 24 hours is in line with the downward trend across crypto markets. External factors and global uncertainty often affect all markets, including AVAX. Despite the decline, increased on-chain activity suggests that there is potential for price recovery in the near future.

Accumulation activities by whales, such as the purchase of about 200,000 AVAX worth about $6 million, show the confidence of large investors in the future of AVAX. This activity could be an early indicator that the price of AVAX may rebound soon.

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Whale Continues to Collect AVAX

Data from Arkham shows that a whale has bought around 200,000 AVAX, which signals classic accumulation behavior in times of market strength. This large purchase shows confidence in AVAX’s long-term prospects. On the other hand, the transfer of about $12 million to a Coinbase wallet by another whale also caught the market’s attention.

This activity not only shows the confidence of large investors, but could also trigger other investors to follow suit. This massive accumulation could be the catalyst that pushes the price of AVAX to rebound, especially if it is followed by more purchases from other investors.

Increased Chain Activity

Based on data from DefiLlama, AVAX’s trading volume has increased by $200 million, pushing its cumulative volume past $950 billion. Activity on the decentralized exchange (DEX) accounted for nearly 33% of the total daily volume, with token liquidity reaching approximately $3.74 million, including user rewards. Increased development activity and the number of smart contracts in the Avalanche ecosystem also added to the bullish sentiment.

With over 44 million contracts developed and 4.8 million AVAX burned, reducing supply, this all points to continued growth and increasing adoption. This activity is expected to continue to grow as Avalanche plans to host FIFA NFT tokens for the 2026 World Cup through AvaCloud.

Conclusion

Although AVAX is currently experiencing a decline, on-chain and technical indicators are starting to show early signs of a potential reversal. With strong support from whale activity and a significant increase in on-chain activity, it is possible that AVAX will recover its position and even reach higher prices in the near future. Investors and market watchers should continue to monitor these indicators to make informed investment decisions.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AMB Crypto. Avalanche: Examining the impact of 6M whale activity on AVAX prices. Accessed on October 10, 2025