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COINOTAG News reported on October 13 that on-chain monitoring firm TheDataNerd observed wallet @Qube_RT transfer approximately 220,000 AVAX (roughly $5.05 million) to Binance. The on-chain movement was captured in real time by analytics tools and recorded as an exchange deposit at the time of reporting.
Blockchain records indicate the same address amassed the AVAX holdings from Galaxy Digital about two months earlier at an average cost basis of approximately $24.7 per token. Based on prevailing market pricing at the reporting moment, a disposition at current rates would imply an unrealized deficit near $380,000, per the reported figures.
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