Avalanche (AVAX) and Terra Classic (LUNC) Price Plunge – Major Claims as to Why

In a recent development, Avalanche (AVAX) experienced a significant 10% drop in value in a matter of hours.

In a recent development, Avalanche (AVAX) experienced a significant 10% drop in value in a matter of hours. Bu ani düşüş muhtemelen 0x32…4f30 olarak tanımlanan bir cüzdan tarafından başlatılan 54.2 milyon dolar değerinde 1.96 milyon AVAX’ın yüklü miktarda transferiyle bağlantılı. 

The wallet in question transferred a significant amount of AVAX to major cryptocurrency exchanges such as Coinbase, Binance, and Gateio. In addition to these direct transfers, the wallet also uses cross-chain bridges such as THORChain for transactions.

However, ZachXBT claims that these transfers were assets withdrawn through BTCTurk, which was allegedly hacked recently. In addition to AVAX, Terra Classic also showed a big decline. It is believed that one of the affected entities is therefore LUNC.

*This is not investment advice.