Avalanche Team's Strategic AVAX Deposit to Coinbase

The transfer of $180 million worth of AVAX tokens from the Avalanche team to Coinbase has raised interest in the cryptocurrency market. According to on-chain data, this represents approximately 1.88% of the AVAX circulating supply.

Blockchain analytics have revealed that this significant movement occurred between September 2024 and February 2025, indicating deliberate planning rather than urgent liquidation pressure.