Despite recent setbacks, AvalancheAVAX social stats show it is investors' favorite crypto
to data from IntoTheBlock, as many as 785,000 AVAX addresses, or 25.35% of the total profiled addresses, are in profit at the time of writing.
Avalanche was one of the heaviest-hit cryptocurrencies during the crypto winter as it helped court a similar growth trend as the now defunct Terra to hit an all-time high of $146.22 more than a year ago. While still more than 87% down from this level, AVAX holders appear to have shrugged off the losses and look forward to the bright future the protocol has in store.
According to the data, many AVAX holders are out of the money, implying losses, and though this constitutes the majority of holders, steady growth in the protocol is pacifying investors across the board.
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