ZachXBT: AVAX's decline may be related to an entity transferring 1.96 million tokens to three exchanges

Odaily News Chain detective ZachXBT published an article revealing that the decline of AVAX may be related to an entity transferring 1.96 million tokens (worth approximately US$54.2 million) to Coinbase, Binance, and Gate. It is reported that the relevant tokens were transferred through THORchain.