The cryptocurrency AVA has seen a remarkable 238% price increase, pushing its market capitalization to nearly $200 million.
Notably, a wallet linked to “smart money” (address 0xe0d) purchased 150,000 AVA tokens last week at an average price of $0.731.
Following this purchase, the token’s price skyrocketed, delivering a floating profit of $124,000 for the investor. The wallet was recharged just 20 minutes ago on Binance. If the tokens had been sold at AVA’s peak price of $2.98, the return on investment would have soared to 308%.
Whale Address Moves AVA Tokens
Meanwhile, another significant move came from an address associated with the Travala (AVA) project itself. Over the past 15 hours, this address transferred 600,000 AVA tokens (valued at approximately $1.56 million) to Binance, with an average deposit price of $2.60. This marks the first recorded transfer or sale activity from this address.
Interestingly, this same address had received 8.21 million AVA tokens from the project team a year ago, representing 14.57% of the total circulating supply. Over the past 11 months, it withdrew 1.76 million tokens (worth about $1.32 million) from Binance at an average price of $0.7497. As of now, this address has achieved a floating profit of $4.1 million.
Since Binance CEO Changpeng Zhao’s tweet last night, AVA has nearly tripled in value. The token is currently trading at $3.06, showcasing incredible momentum in the market. Investors are closely watching these developments as major holders continue to take action.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.