Avalanche Surges 6.8% as Whale Sell-Off Fails to Dampen Demand

Avalanche's price rose 6.8% to $6.79 despite a whale transferring $2.4 million worth of tokens to Coinbase, causing selling pressure on the asset.

The transfer led to a brief drop in price, but strong buyer demand and bullish signals from top traders and derivatives funding helped propel AVAX's recovery.

If AVAX breaks above the $7 resistance level, it could target $8.00 next, according to market analysts.