Avalanche Sees Whale Inflows and Fee Surge Despite User Drop-Off

• AVAX whales accumulated $10.62M in 24 hours, signaling strong confidence.
• Avalanche fees surged 116% despite a 74% drop in active addresses.

Avalanche (AVAX) is showing signs of revival amid shifting blockchain trends. Nansen data shows that Avalanche lost 74% of its active addresses in one week, dropping to 414,234. Transactions fell by 34%, totaling under 3 million. 

However, network fees surged 116%, reaching $243,280 over the same period. Analysts from Nansen described this pattern as “high-value, low-noise activity,” which typically points to institutional or advanced user participation.

In contrast, Aptos gained 2.1% in address count, maintaining over 3.9 million active users. Aptos also saw an 8.8% increase in transactions. Near recorded stronger growth, with addresses up 7.4% and transactions jumping 17%, surpassing 41 million. 

Meanwhile, Vixtion and Unichain showed mixed changes but did not mirror the fee pattern seen on Avalanche.

Despite reduced traffic, the fee spike on Avalanche highlights fewer but more valuable transactions. This divergence supports the theory of whale or institutional dominance on the network.

Whale Accumulation and On-Chain Metrics Signal Confidence

CoinGlass data indicates that whale wallets added $10.62 million in AVAX within 24 hours, nearly matching the peak of $10.63 million seen on April 6. Over the last week, AVAX recorded $22.96 million in net inflows, suggesting accumulation is underway. This shift reverses earlier outflows from the start of the month.

On-chain activity confirms this trend. Artemis said DEX volume on Avalanche’s C-Chain reached $161 million, signaling increased interest in decentralized trading. The spike in DEX usage follows broader accumulation across centralized and decentralized platforms.

AVAX Price Breaks Key Resistance After Long-Term Downtrend

Avalanche has broken above a descending trendline that held since December 2024. The price now trades at around $26.38 after consolidating between $19 and $23. Analysts noted that this breakout follows substantial volume and momentum, supporting a shift in sentiment.

If AVAX holds above the breakout zone, the resistance levels are $30.59, $35.62, and $44.30. Further targets include $53.75 and $55.87, last seen in late 2024. These levels may act as pause zones where price action consolidates before continuation.

Analysts emphasized the crucial importance of holding above $23. A drop below this level could invalidate the bullish setup and bring back selling pressure.

The rise in institutional-grade transactions, increasing whale accumulation, and technical strength on the chart suggest a potential turnaround for AVAX. While retail activity remains subdued, the network draws attention from high-volume players betting on a long-term upside.