Over 50% of Avalanche ($AVAX) Holders Are Now \'Out of the Money\' as Token Price Drops 61% from Yearly High

Avalanche ($AVAX), which reached a yearly high of approximately $64 in March 2024, has experienced a significant price decline, falling 61% to its current trading price of $25.

The price of Avalanche ($AVAX) has dropped sharply from its yearly peak, leaving a large portion of investors underwater.

According to data from Intotheblock, 52% of AVAX token holders, or 4.37 million addresses, are currently "out of the money."

This term indicates that the current market price of AVAX is lower than the average cost at which these tokens were acquired, resulting in a net unrealized loss for these investors.

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Despite the recent declines, a significant 47.88% of AVAX holders, or approximately 4 million addresses, remain "in the money."

These investors acquired AVAX at a price higher than their average purchase cost, reflecting profitable positions despite the recent price downturn.

The stark contrast between these two groups highlights the varying fortunes of investors in the cryptocurrency market.

While a substantial portion of the community is facing losses, nearly half are still enjoying gains, which could influence future trading behavior and market trends for AVAX.

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