Avantis Token Chaos: Mega Whales vs Airdrop Sellers in a Crypto Drama 🎭

by

Avantis (AVNT), that feverishly fresh Base-specific token, has barely limped into its first week on the stage of trading, and already investors’ hearts clatter as if a mouse scampered across the floorboards in a dim-lit townhouse. It soared gallantly up to $1.54 on the fifteenth of September, only to stumble and tumble a dreary 15.6% down the hill in the last twenty-four hours, now sulking near $1.13-poor chap, trying to keep its dignity.

Such turbulence bursts forth from frantic flows to exchanges-an unbearable torrent of selling! Most likely the handiwork of grumbling airdrop recipients, awakened on the ninth day of September, who saw their 12.5% token gifts vanish like crumbs in a ravenous crow’s beak. But behold! The blockchain whispers secrets of a faction battling valiantly-a faction of “mega whales” gulping these tokens as if dinner were at stake!

Buyers and Sellers Wage Their Tug-of-War, While the RSI Plays Its Mysterious Tune

Yesterday’s spectacle saw a swing of 46.5 million AVNT tokens to the exchanges-an ostentatious 78.6% surge, adding up to a mountain of 105.61 million AVNT tokens (worth a princely $119 million, if one judges by the $1.13 price). A carnival of sales from those airdrop ne’er-do-wells, eager to split their spoils.

AVNT Token Data Chart

Yet on the opposite front, the grand oligarchs of the token seas-the top 100 wallet whales, the standard-sized leviathans, and public figures with wallets as showy as a dandy’s cravat-mustered forces to swallow almost equal booty.

  • Top 100 wallets: nibbling a generous 49.7 million AVNT (+5.3%), swelling their hoard to 980.8 million AVNT.
  • Standard whales: gulping down 13,700 AVNT (+1.3%).
  • Public figure wallets: proudly adding 126,800 AVNT (+7.1%).

Craving the juicy tidbits of token misadventures? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here-because misery loves company!

Together, this triumphant crowd amassed roughly 49.9 million AVNT (a handsome $56.4 million), whilst the “smart money” wallets-ever so indecisive-trimmed their holdings by a mere 316,000 AVNT ($0.36 million). How quaint!

This dance of desperate sellers and gluttonous buyers painted a curious figure on the 1-hour chart: an ominous bearish RSI divergence where prices frolicked higher, yet the RSI sulked lower-like a guest pretending to enjoy the ball while plotting an escape. Such is the common signal of flagging vigor. Naturally, the token stumbled, but thanks to the whale absorption, the fall was more a theatrical faint than a tragic collapse.

Whale Absorption Chart

Now, a secretive bullish RSI divergence tiptoes through the shadows: prices are whispering higher lows while the RSI wallows in lower lows. A paradox, indeed! This curious spectacle suggests the selling vultures grow weary, while the noble whales again take up their nets.

The grand tally still favors selling on paper ($119 million to $56 million), but the RSI slyly hints the tide may turn. The whales may yet wrest control from the airdrop sellers, as if the story were penned by a mischievous narrator who delights in plot twists.

Zooming Out: Bulls Still Reign, but $1.25 is the All-Important Scepter

Cast your gaze upon the 4-hour chart, the panoramic stage of this drama, where bulls cling to the reins of the grand uptrend despite the recent 15% tumble. Yet their grip slackens, and the bull-bear power indicator flattens like a pancake past its prime-buyers still hang on, but with a weary grasp.

Watch the crucial $1.25 price line-the Knight’s gatekeeper. Should the price valiantly close above this barrier on the 4-hour clock, expect a stirring resurgence, possibly a daring quest towards $1.49 and beyond. Should the whale lords persist in hoarding supply, this dream might yet bloom.

Price Chart up to $1.49

But beware! Should the price plummet below $1.04, all hopes for bullish fidelity evaporate into the mist. A descent towards $0.85, or even $0.70, awaits-a grim fate indeed. For if the exchange flows persist with their vendetta, the AVNT token’s fairytale might end in a tragic, bearish denouement.

Thus, the next 24 hours will be a spectacle worthy of the grandest theatres. Will the mega whales’ stubborn defense outmuscle the airdrop sell-off, stabilizing AVNT and reclaiming the magical $1.25? Or will the token slip down the slippery slope? Stay tuned, dear reader, for the saga continues! 🚀🐋🦈

Read More

2025-09-16 18:57