Ethereum Experiences a Surge in Whale Activity Due to Avalanche, potential for AVAX Price Increase
In the dynamic world of cryptocurrencies, the recent surge in whale transactions for Avalanche (AVAX) has become a topic of interest and speculation among market participants. According to data from IntoTheBlock, AVAX whale transactions have skyrocketed by 189% over the last 24 hours, surpassing both Ethereum and Cardano in large transaction volume[1]. This heightened whale movement has raised expectations that it might catalyze a price reversal.
Despite this surge, AVAX has been experiencing bearish pressure recently. Over the past week, its price dropped about 5%[2]. At press time, Avalanche was trading at $17.26, representing a 3.45% decline over the last 24 hours[1].
Analyst Godfrey Benjamin anticipates a moderate price increase for AVAX. Technical analysis suggests that if AVAX can stabilize above the $18 mark, it might trigger a bullish breakout, potentially pushing prices toward $20 or higher[1][3]. Renewed whale activity is seen as a potential catalyst for this upward momentum.
However, it's worth noting that Avalanche's previous attempt to reach the $20 zone was rejected at $18.25[4]. If AVAX can climb and hold steady above $18, it stands a good chance of a possible breakout. If AVAX reaches $20 and finds support at this level, it will represent appreciable growth.
In contrast, Ethereum whales have also increased transaction volume by 114% over the last 24 hours. Meanwhile, Cardano whale activity has declined by 9% over the same period[1]. The broader market sentiment is cautiously optimistic but still influenced by bearish pressures and awaits confirmation of sustained buying momentum[1][2][3].
As the cryptocurrency market continues to evolve, the increased AVAX whale activity has heightened interest and speculation, contributing to short-term shifts in market sentiment. However, the actual price movement has seen volatility, with current whale activity signaling a potential but not guaranteed rebound in AVAX.
[1] Data from IntoTheBlock [2] Source: CoinMarketCap [3] Based on technical analysis by Godfrey Benjamin [4] As reported by CoinDesk on June 25, 2025.
Crypto investors are keeping a close eye on Avalanche (AVAX) as whales have significantly increased their trading, surpassing both Ethereum and Cardano in large transaction volume. This heightened whale activity comes amid expectations that it might catalyze a price reversal and trigger a bullish breakout, potentially pushing AVAX prices toward $20 or higher, according to analyst Godfrey Benjamin. Meanwhile, Ethereum whales have also increased their transaction volume, while Cardano whale activity has declined. However, the broader market sentiment remains cautiously optimistic, influenced by bearish pressures and awaiting confirmation of sustained buying momentum. Despite this surge, AVAX has been experiencing bearish pressure recently, with its price dropping about 5% over the past week.
