AVAX drops 28% in four weeks, trailing bitcoin and ether losses

Avalanche's AVAX token has dropped 28% over four weeks, underperforming bitcoin's 11.3% decline and ether's 16% drop in the same period. The move reverses AVAX's earlier relative outperformance against the two largest cryptocurrencies. Traders watching altcoin rotation will note AVAX losing its relative strength, a sign of weakening demand for higher-beta layer-1 assets.