April 1, 2025 – The crypto world has been rocked by a breaking news! 🚨 On March 28, a critical failure paralyzed a subnet of Avalanche, locking up $400 million in AVAX and related tokens for over 18 hours, according to CoinDesk. The price of AVAX plummeted 5% in two days, falling to $18, and Binance is now the refuge for traders in the midst of a storm that no one expected! 🔥
Here are the bare facts: the problem, confirmed by Ava Labs, stemmed from a configuration error in a high-volume DeFi subnet, which halted transactions and shook Avalanche's TVL, which dropped by $700 million to $11 billion (DefiLlama). CryptoQuant reports that 9 million AVAX were moved to exchanges in 48 hours, with $130 million in derivative positions liquidated. The team restored the network on March 29, but trust is hanging by a thread. 😱
Binance is the battleground: AVAX/USDT volumes rose by 19% in the last 24 hours, with traders split between panic selling and buying the dip. FX Street analysts warn: if AVAX loses $22, it could crash to $15, but a bounce above $25 could ignite a recovery. The network processed 1.8 million transactions on March 27, showing resilience, but the failure has left its mark. ⏰
What are you doing? Are you buying now or waiting for the bottom? Binance Square is in chaos: tell us in the comments – Is AVAX finished or ready to rise? 💬👇
HAPPY APRIL FOOLS' DAY 😂
Disclaimer: This article is just a personal analysis, not financial advice. The crypto market is risky and volatile. Always do your own research (#DYOR) and invest only what you can afford to lose.
#AVAXCrash #CryptoGlitch #BinanceRush #AvalancheShock #Crypto2025