Avalanche token logs $1.5 M whale withdrawal as FIFA World Cup 2026 ticketing partnership fuels modest rally

A large crypto holder moved 238,651 AVAX – worth about $1.5 million – out of the Bybit exchange. The withdrawal, while notable, came as exchange data showed a net inflow of roughly $1.5 million to other platforms, indicating mixed sentiment. On‑chain activity remains uncertain, with Binance data showing 66 % of top trader positions long, suggesting optimism despite AVAX trading near $6.17 in a descending price channel and remaining about 95 % below its $144.96 all‑time high.

The token’s price rose about 3.7 % in the past 24 hours, its best daily performance among the top‑100 cryptocurrencies, after the FIFA World Cup 2026 announced a ticketing partnership with the Avalanche network and Modex. The collaboration introduces “Right‑to‑Buy” and “Right‑to‑Ticket” features on a dedicated Avalanche Layer‑1 blockchain to curb bots and resale price spikes. The rally is attributed to hype around the partnership, though broader crypto markets stay bearish and the Federal Reserve’s unchanged rate policy keeps high‑risk assets under pressure.