The chaos process that started with the theft of funds in StarsArena brought a 16 percent drop in Avalanche (AVAX).
SocialFi, the trending topic of recent days, has recently blown with the wind of StarsArena. StarsArena, which is active in the Avalanche network, has moved many metrics, especially AVAX, to positive. However, many factors such as the hacking of the platform, the loss of funds, the slow operation of the site and the slowing of the trend caused AVAX to drop significantly. The major coin, which lost 16.52 percent of its value in the last 2 days, became the worst performing project today.
There was a 16.50 percent decrease in just 2 days!
AVAX, which reached $ 11.87 from $ 8.80 in a very short time with the SocialFi and StarsArena craze, especially made investors and the ecosystem happy. However, the hacking of StarsArena and the theft of funds and the subsequent Fuds shook the AVAX price, damaging the trust in the platform. Which levels should be monitored in the popular coin, which is currently traded at $ 9.96?
AVAX, which started to rise with the break of the falling trend that had been going on for weeks, found a driving force effect from StarsArena. However, the major coin, which targeted $12.24, dropped to $9.96 after the Fuds. If AVAX starts to rise again, the target levels are 10 – 10.82 – 11.21 – 12.24 – 13.10 and 13.83 dollars respectively. In case of declines, the levels that can be followed as support are $9.35 and $8.80.
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