Analyst Says Avalanche Team Deposited $180 Million in AVAX to Coinbase
Crypto analyst Emperor Osmo said the transfers took place over six months and amounted to 1.88% of AVAX circulating supply, with the tokens now valued at about $73 million.
AVAX
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Terms & Concepts
Circulating supply: The number of tokens currently available in the market and able to be traded.
AVAX: The native cryptocurrency of the Avalanche blockchain, used for fees, staking (locking crypto to earn rewards), and network operations.
Coinbase: A major cryptocurrency exchange where digital assets can be deposited, traded, and held.