Avalanche (AVAX) is experiencing a resurgence despite a recent drop in active users. Whale activity has surged, with over $10.62 million worth of AVAX transferred in the last 24 hours, signaling confidence from significant investors. This surge is reflected in fees, which have jumped by 116% during the same period, exceeding $243,280. Analysts believe this activity stems from high-value transactions involving institutional players. Despite a 74% drop in active addresses and a 34% decline in overall transaction volume, Avalanche’s network fees experienced significant growth. This contrasts with other networks like Aptos and Near which saw modest growth but maintained consistent activity. Meanwhile, Avalanche is attracting attention from high-volume investors who are betting on the long-term potential of the blockchain.