Whales Double Down on $AVA Following Binance Perpetual Contracts Announcement

Whales are actively accumulating $AVA following Binance’s announcement of the launch of $AVA perpetual contracts.

This news has triggered significant buying activity, with major investors seizing the opportunity to expand their positions.

Notably, whale kMqzy7…J34q purchased 1.49 million $AVA tokens worth approximately $350,000 shortly after Binance revealed the perpetual contracts. Similarly, BDuaQn…Y2kH, an address with $2.5 million in assets, added 1.33 million $AVA ($318,000) to its portfolio. This brings their total purchases for the day to an impressive 2.95 million $AVA, valued at $758,000.

Whales continue to buy $AVA after #Binance announced the launch of $AVA perpetual contracts!

kMqzy7…J34q bought 1.49M $AVA($350K) after #Binance‘s announcement.

BDuaQn…Y2kH with $2.5M assets bought an additional 1.33M $AVA($318K) after #Binance‘s announcement and has bought… pic.twitter.com/zh1ZWcRyDX

— Lookonchain (@lookonchain) January 17, 2025

Broader Market Impact  

The excitement surrounding Binance’s perpetual contracts launch has also drawn attention from other major players. A whale previously active in $ai16z made a significant move, acquiring $24,490 worth of $AVA, further cementing market confidence.

A $ai16z whale just bought $24.49K of $AVA at $199.80M MC 🐳

— Whale Watch (@whalewatchalert) January 18, 2025

These developments signal growing interest in $AVA among high-net-worth investors, indicating bullish sentiment for the token’s future performance.

$AVA’s Market Potential  

Binance’s announcement has catalyzed renewed momentum for $AVA, attracting whales and increasing market activity. The introduction of perpetual contracts could enhance trading volume and liquidity, further strengthening the token’s market position.

Conclusion

The recent whale activity underscores growing confidence in $AVA, particularly following Binance’s strategic move. As institutional and large-scale investors continue to pour funds into the token, $AVA appears poised for potential upward movement. Traders and investors may want to monitor its trajectory closely, as increased demand and market momentum could lead to significant opportunities.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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