Key Takeaways:
Over the past six months, unidentified entities transferred approximately $180 million worth of AVAX tokens to the Coinbase exchange, with the cumulative effect and a recent 3% price drop causing community concern on April 9, 2026.
"The sustained transfer of a large volume of AVAX to a major exchange like Coinbase indicates potential for continued selling pressure," said a crypto analyst. "This could suppress the token's price and increase market volatility."
On-chain data trackers show the significant flow of tokens, which has led to frustration within the crypto community. Some users point to these large transactions as a primary reason for AVAX's recent weak price performance. The token is trading around $9.07, down 3 percent.
The influx of AVAX to Coinbase suggests that a large holder or group of holders may be diversifying their assets or taking profits. This sustained selling could decrease investor confidence in the short to medium term until the market absorbs the pressure.
This article is for informational purposes only and does not constitute investment advice.
