AVNT Token Hits New ATH: Can It Keep Climbing?
After a robust introduction, the Avantis-native AVNT token has continued its double-digit increase. According to recent data, major exchanges strongly supported AVNT’s market debut. The coin reached a noteworthy milestone on Monday when it was triple listed on Binance, the biggest cryptocurrency market in the world, and popular South Korean platforms Upbit and Bithumb. The price of AVNT surged above $1 due to listings. It actually hit an all-time high (ATH) of $1.54 yesterday as a result of this development.
South Korea Powers AVNT Liquidity as Token Nears $1 Price Level
According to data from BeInCryptoMarkets, the token increased by 30.6% over the previous day. AVNT was trading at $0.9719 at the time of writing. Additionally, its market value has increased from approximately $180 million to $255.47 million. AVNT is also being actively traded by investors. Over $2 billion was traded each day, a 280.70% increase over the previous day. With about 29% of Upbit’s volume, South Korean traders provided the majority of the liquidity.
Bubblemaps Report Claims Coordinated Wallet Activity in AVNT Airdrop
The integrity of the airdrop was questioned in spite of the positive metrics. According to a recent thread on X, Bubblemaps’ investigation revealed a concerted Sybil attempt that involved over 300 wallet addresses under the control of one individual.
AVNT made headlines last week after a 12.5% airdrop. Some users walked away with 6 figures – but one entity may have taken much more,
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Several AVNT airdrop receivers exhibited Sybil behavior, as the post explained. Coinbase provided funding for the wallets in question. Additionally, a limited number of suppliers sent them USDC transfers. Following that, these accounts traded on Avantis and obtained AVNT tokens via the airdrop. Later, a few addresses were created by pooling the tokens.
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