AVAX has experienced a significant increase in transaction fees, which are now up 116% due to whale activity, while retail investor engagement has sharply declined.
Whale investors have accumulated 10.62 million USD worth of AVAX in just one day, indicating a strong interest at current price levels, while retail traders are exiting the market.
AVAX faces resistance at 26.47 USD, necessitating continued whale buying to push the price above this level for potential gains.
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