ZachXBT: AVAX decline may be related to an entity transferring 1.96 million tokens to CEX such as Coinbase

On June 22, ZachXBT, a detective on the chain, posted on its personal channel that the decline of AVAX may be related to the transfer of 1.96 million tokens (about 54.20 million dollars) to Coinbase, Binance and Gate. According to the market, AVAX is now quoted at $25, a 24-hour drop of 10%.