Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: remakeme/ 123RF // Image Effects by Colorcinch U.Today

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Trump Enthusiasm Also Influenced Institutional Investors! They Flocked to Five Altcoins Apart from Bitcoin (BTC)!

Bitcoin (BTC) broke a new record today, thanks to the excitement created by Donald Trump`s inauguration, and renewed its ATH by passing $ 109,000. While Bitcoin is expected to rise further around Trump enthusiasm, Coinshares released its weekly cryptocurrency report and said that there was an inflow of $2.2 billion last week. “Last week, during the excitement of Trump`s inauguration, $2.2 billion in inflows were recorded into cryptocurrency investment products. This was the biggest inflow week of the year so far.” Bitcoin is the Leader Again! When looking at individual crypto funds, it was seen that the majority of inflows were in Bitcoin. BTC saw an inflow of $1.9 billion, while Ethereum (ETH) saw an inflow of $246.2 million. When we look at other altcoins, XRP saw an inflow of $30.8 million, Chainlink (LINK) $2.8 million, Stellar (XLM) $2.1 million, and Solana (SOL) $2.5 million. “Bitcoin saw $1.9 billion inflows, taking YTD inflows to $2.7 billion. Ethereum saw a total of $246 million in inflows last week, matching the outflows it has seen so far this year, but remains the weakest performer from a flow perspective this year. Still, it dwarfs Solana’s $2.5 million in inflows last week. XRP saw another $31 million inflows last week, bringing its total inflows since mid-November 2024 to a staggering $484 million. “There are small inflows in Stellar of $2.1 million but very little other altcoin activity.” When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an inflow of 2.099 billion dollars. After the US, Switzerland and Canada also saw notable inflows with $88.9 million and $13.4 million respectively. In the face of these inflows, Sweden experienced a small outflow of $14.5 million. *This is not investment advice. Continue Reading: Trump Enthusiasm Also Influenced Institutional Investors! They Flocked to Five Altcoins Apart from Bitcoin (BTC)! U.Today