Avalanche [AVAX] Rallies Amid Whale Activity, Surges 6% in 7 Days

• Avalanche [AVAX] was among the top 10 cryptos in terms of trading volume among the top 500 BSC whales.
• Performance on the price and metrics front remained promising over the last week.
• AVAX managed to remain a topic of discussion not only among whales but also in the crypto community at large, as the token made it to the list of cryptos by trending searches in the last seven days.

The crypto world has been highly active in the last week with the trading activity of whales leading the way. Avalanche [AVAX] was among the top 10 cryptos in terms of trading volume among the top 500 BSC whales as per WhaleStats, a Twitter account that posts updates regarding whale activity. The token became popular among whales once more and its performance on the price and metrics front remained promising.

AVAX managed to remain a topic of discussion not only among whales but also in the crypto community at large, as the token made it to the list of cryptos by trending searches in the last seven days. A major reason behind whales‘ interest and AVAX’s popularity can be its recent price action as its weekly chart was painted green. According to CoinMarketCap, AVAX’s price surged by more than 6% in the last seven days and at the time of writing, it was trading at $17.16 with a market capitalization of over $5.3 billion.

The token’s on-chain metrics also supported AVAX throughout the last week. For instance, the four-week price volatility increased considerably, thanks to the surge. Both the seven-day active address count and the seven-day active deposit count increased significantly, which further strengthened AVAX’s market position.

It is worth noting that the crypto’s social media presence has also been growing consistently. The number of Twitter followers surged by over 3% in the last seven days and the number of mentions of the token also witnessed a significant growth. All these factors combined contributed to AVAX’s overall performance during the last week.