AVA, a native token of Travala, seems to be garnering attention from crypto whales amid its price surge following a significant drop in the last 30 days. Today, January 17, blockchain analytics platform Lookonchain identified that crypto whales are showing interest in AVA.
Whales buy 4.44 million AVA tokens
According to data shared by Lookonchain today, two whales bought massive amounts of AVA following Binance’s move to list the token for perpetual trading.
As per the data, the first whale purchased 1.49 million AVA worth $350,000 after the listing announcement.
The second whale purchased an additional 1.33 million AVA worth $318,000 after the listing and initially bought 1.62 million AVA worth $440,000. Accumulatively, the whale bought a total of 2.95 million AVA worth $758,000 today.
These significant accumulations by whales indicate interest and enthusiasm as the market approaches Trump’s inauguration. Trump will be installed as the US president next week. The ceremony is expected to be one of the most crucial turning points for the virtual currency landscape in 2025.
These acquisitions also indicate that whales are strategically positioning themselves for the next big things that are set to reap during this year. With such accumulations, whales ensure that they capitalize on upcoming cryptocurrencies with the potential to provide substantial returns. Data shows that these acquisitions have led AVA to see green movements today and are continuing to push for more uptrends.
AVA also gained strength following the major listing announcement from the cryptocurrency exchange Binance. The gains from this asset came as market participants positively reacted to Binance Futures’ listing of AVA’s perpetual contract.
The exchange announced the launch of AVA perpetual contracts with up to 75x leverage as part of efforts to expand trading options and improve user experience. Such listings normally hint at tokens with growth potential and bolster investors’ confidence in such assets.
AVA price updates
Based on technical analysis, AVA started regaining price strengths last week, which coincided with a wider rally in the global crypto market.
The optimism that Bitcoin could surge to new heights this year amid crypto-friendly regulations pushed by the Trump administration could enable altcoins to see tremendous rallies. AVA is currently experiencing rising popularity; an indicator that investor interest is pushing prices upwards.
Currently, AVA is trading at $1.14 and has experienced an uptrend of 5.6% over the previous day. While its price has been up 2.20% in the last seven days, the token is underperforming the global digital asset market, which has been up 9.50% during the same duration. Its trading volume is currently up 5.30%, highlighting increased user participation from investors and users compared to yesterday.
