Cryptocurrency-focused travel agency Travala has recently made headlines with its moves. First, Travalay announced plans to create a dedicated reserve for Bitcoin (BTC) and AVA.
Then, former Binance CEO CZ shared a post mentioning that Binance invested in this cryptocurrency travel platform before the COVID-19 pandemic and the “crypto winter” that followed.
Following CZ’s post, Travala’s native AVA token saw a significant 300% increase in price.
While Travala and its token AVA have become very popular in recent days, a wallet connected to Travala transferred $1.56 million worth of AVA to Binance after a price increase.
According to an on-chain analyst, a wallet connected to Travala transferred 600,000 AVA to Binance.
Thus, Travala Wallet achieved its first recorded sale.
This portfolio previously received 8.21 million AVA from the project a year ago, representing 14.57% of the total circulating supply.
Aside from this, the wallet has withdrawn 1.76 million AVA (worth $1.32 million) from Binance in the last 11 months at an average price of $0.7497.
According to Arkham data, there are still 9.1 million AVAs in the wallet worth $26.4 million.
Following a tweet from CZ, AVA has tripled in value and is trading at $2.74 at the time of writing.
*This is not investment advice.