Скачать или смотреть Wrapped AVAX Sees Increased Wallet Accumulation Amid Bybit Card Cashback Adoption

Wrapped AVAX Sees Increased Wallet Accumulation Amid Bybit Card Cashback AdoptionNearly 4,000 wallets added WAVAX holdings, 1.8 times the recent average, according to onchain data.By Francisco Rodrigues, CoinDesk Bot|Edited by Aoyon AshrafUpdated Feb 15, 2025, 7:07 p.m. UTCPublished Feb 15, 2025, 7:05 p.m. UTC
Wrapped AVAX (WAVAX) has seen a surge in wallet accumulation on the Avalanche blockchain, even as its price dropped more than 4% over the past 24 hours, data from TheTie shows.A total of 3,898 wallets added to their WAVAX holdings today—nearly twice the recent average of 1,600, the data shows. A wrapped token is a token that represents a cryptocurrency from another blockchain or token standard and is worth the same as the original cryptocurrency. The wrapped token can be used on certain non-native blockchains for trading, lending and borrowing on DeFi platforms and later redeemed for the original cryptocurrency.ASIC Border Seizures, Tencent’s BTC Mining Exposure, Miners Double Down on AIKeep WatchingNext video in 4 secondsMore Videos0 of 37 minutes, 11 secondsVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard ShortcutsEnabledDisabledShortcuts Open/Close/ or ?Play/PauseSPACEIncrease Volume↑Decrease Volume↓Seek Forward→Seek Backward←Captions On/OffcFullscreen/Exit FullscreenfMute/UnmutemDecrease Caption Size-Increase Caption Size+ or =Seek %0-9
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STORY CONTINUES BELOWDon't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newslettersSign me upBy signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.Avalanche wallets changing balance (TheTie) While a declining price often signals bearish sentiment, the uptick in accumulation could suggest that some traders see long-term potential in WAVAX. However, whether this buying activity translates into price stability or a rebound remains to be seen.The wallet accumulation comes shortly after major cryptocurrency exchange Binance added AVAX as a cashback option for its Bybit Card product and after the Avalanche network saw technological advancements late last year with its Avalanche9000 upgrade.The Avalanche ecosystem has also been seeing growing integrations, including the expansion of BlackRock’s tokenized fund BUIDL onto it.Wrapped AVAX is a tokenized version...
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