Wrapped AVAX WAVAX · #461

$6.44 -2.93% · 24h

Wrapped AVAX

WAVAX RANK #461

Live WAVAX price, market data and on-chain stats. Updated 1h ago.

Price

$6.44

24h

-2.93%

-20.89%

Market cap

$34.16M

24h volume

$8.54M

Circulating

5.31M WAVAX

All-time high

$2,641

-99.8% from ATH

All-time low

—

01 · Price & performance

How Wrapped AVAX is moving

Price chart

Source: Binance public klines (USDT pairs); long history from CoinPaprika. Hover for price + timestamp.

-0.28%

24H

-2.93%

-20.89%

30D

—

All

—

Volatility · last 7 days

2.02% realised daily σ

MEDIUM

Low

Med

High

Typical crypto volatility. Daily moves of 2–5% are normal; size positions accordingly.

02 · Markets

Where Wrapped AVAX trades

Top exchanges and pairs by 24h volume. Filter by CEX vs DEX or spot vs derivatives.

Markets · 20 venues

#	Exchange	Pair	Price	24h Volume	Vol %	Updated
1	Pharaoh (AVALANCHE) DEX	WAVAX / USDC	$6.37	$6.51M	23.70%	Sep 14, 2025
2	Blackhole (AVALANCHE) DEX	WAVAX / USDC	$6.37	$6.38M	23.23%	—
3	Uniswap (AVALANCHE) DEX	WAVAX / USDC	$6.36	$4.94M	18.00%	Jul 12, 2023
4	Pharaoh (AVALANCHE) DEX	WAVAX / USDC	$6.36	$4.13M	15.02%	May 14, 2026
5	Blackhole (AVALANCHE) DEX	WAVAX / USDC	$6.37	$2.68M	9.77%	—
6	Traderjoe (AVALANCHE) DEX	WAVAX / USDC	$6.37	$1.97M	7.19%	Dec 11, 2024
7	Blackhole (AVALANCHE) DEX	WAVAX / USDC	$6.36	$315.93K	1.15%	—
8	Blackhole (AVALANCHE) DEX	WAVAX / USDT	$6.37	$306.35K	1.12%	—
9	Pangolin (AVALANCHE) DEX	WAVAX / USDC	$6.37	$73.77K	0.27%	Apr 9, 2025
10	Traderjoe (AVALANCHE) DEX	WAVAX / USDC	$6.35	$26.2K	0.10%	Dec 16, 2021
11	Traderjoe (AVALANCHE) DEX	WAVAX / USDT.E	$6.36	$25.44K	0.09%	Aug 9, 2021
12	Traderjoe (AVALANCHE) DEX	WAVAX / USDC.E	$6.35	$22.85K	0.08%	Aug 25, 2021
13	Traderjoe (AVALANCHE) DEX	WAVAX / USDT	$6.37	$19.2K	0.07%	Apr 24, 2023
14	Uniswap (AVALANCHE) DEX	WAVAX / USDT	$6.36	$15.58K	0.06%	Jul 6, 2023
15	Blackhole (AVALANCHE) DEX	WAVAX / USDC	$6.35	$13.74K	0.05%	—
16	Pangolin (AVALANCHE) DEX	WAVAX / USDC	$6.35	$5.73K	0.02%	Jan 14, 2022
17	Pangolin (AVALANCHE) DEX	WAVAX / USDT	$6.36	$4.58K	0.02%	Feb 2, 2022
18	Traderjoe (AVALANCHE) DEX	WAVAX / DAI.E	$6.31	$4.55K	0.02%	Aug 15, 2021
19	Pangolin (AVALANCHE) DEX	WAVAX / DAI.E	$6.31	$4.41K	0.02%	—
20	Pangolin (AVALANCHE) DEX	WAVAX / USDT.E	$6.36	$4.09K	0.01%	—

Data: CoinPaprika · refreshed every 5 min · Volume share calculated against the venues listed above.

Wrapped AVAX: where the on-chain data points right now

This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile. Always do your own research before making any investment decisions.

James Nakamoto Markets Reporter · Bitcoin

Reviewed by Marcus Webb

Published May 24, 2026 · Last editorial review May 24, 2026

Editor's take

As of 2026-05-24, Wrapped AVAX (WAVAX) trades at $9.36 with a market capitalization of $49.66M and 24-hour volume of n/a, per CoinPaprika market data referenced in Wrapped AVAX's coin profile. The asset is down more than 70% from its all-time high ($2,641) and shows thin daily turnover relative to its market cap. +5.18% on 24-hour timeframe, +0.36% on the 7-day, per the same CoinPaprika data.

The model on this page produces a band by blending realized volatility with momentum across multiple horizons; the editorial overlay flags the structural factors a band-style model cannot incorporate: liquidity depth, supply dynamics, and the regulatory or ecosystem context that moves a particular asset outside its historical pattern.

What the model says vs. what we think

The quantitative model treats Wrapped AVAX like any other asset of comparable market cap, projecting from realized volatility and recent momentum. That works as a baseline but misses asset-specific factors.

Wrapped AVAX (WAVAX) on-chain snapshot — 2026-05-24
Metric	Current value	Reference
Spot price	$9.36	CoinPaprika live data
Market capitalization	$49.66M	Rank #421
24-hour volume	n/a	Turnover ratio: 0.00%
All-time high	$2,641	Distance: 99.65%
Circulating supply	0 WAVAX	No hard supply cap

Where the editorial layer diverges: the model assumes constant supply elasticity and steady liquidity. For an asset down more than 70% from its all-time high, those assumptions break down at the tails. We weigh the distance from ATH and the 24-hour turnover ratio heavier than the model does.

What to watch

24-hour volume trend

Wrapped AVAX currently shows a thin 0.00% daily turnover ratio (volume / market cap), per CoinPaprika live data. Watch for sustained shifts: if turnover stays below 1% for more than a week, liquidity is thin enough that large orders will move price materially.

Watch: 7-day average turnover ratio via /coins/wrapped-avax/ live data.

Distance from all-time high

Wrapped AVAX is 99.65% from its all-time high — deep drawdown — recovery often spans cycles, per CoinPaprika data. Historically, assets within 10% of ATH face sharper pullbacks; assets >70% below ATH require multiple cycles or a fundamental catalyst to recover.

Watch: Whether WAVAX can hold within 30% of its ATH for a full quarter.

Market cap rank stability

Wrapped AVAX currently ranks #421 by market capitalization, per CoinPaprika. Rank movement over rolling 30-day windows is a useful signal for asset rotation: a top-100 coin slipping out of the top 200 typically signals fundamental weakness; a long-tail asset breaking into the top 100 often signals a real catalyst.

Watch: CoinPaprika rank delta over rolling 30-day windows.

Three paths and what would have to happen

Path A · Upside

Liquidity expands, narrative returns

Assuming broader crypto market liquidity expands and the WAVAX sector-specific narrative attracts incremental capital, the asset could revisit prior cycle highs over a 12–18 month horizon. The chain of events hinges on macro liquidity easing and a specific catalyst — protocol upgrade, ecosystem partnership, or regulatory clarity — emerging for this asset.

Indicator: Sustained turnover ratio above 5% combined with a closing price above $14.03 for two consecutive weeks.

Path B · Base case

Range-bound with the cycle

If liquidity neither materially expands nor contracts, Wrapped AVAX likely trades in line with its sector — beta to BTC/ETH with asset-specific noise. Range-bound trading near current levels through 2026 is the most probable scenario absent a specific catalyst.

Indicator: No catalyst-driven move above current ATH-trajectory line and no meaningful rank change over Q2–Q3 2026.

Path C · Downside

Liquidity contracts, rank slides

If broader crypto liquidity contracts (Fed delays cuts, ETF outflows persist, macro risk-off) and turnover for Wrapped AVAX stays thin, the asset is vulnerable to a deeper drawdown. The path activates when liquidity stress combines with asset-specific weakness — exchange delistings, ecosystem decline, or competitive displacement.

Indicator: A close below $5.61 combined with turnover ratio below 0.5% sustained for two weeks.

How we cover Wrapped AVAX

The Daily Coins maintains coverage of Wrapped AVAX (WAVAX) primarily through on-chain data and named-source reporting. Where tier-1 institutional research is published on this asset, we cite it directly. Where it is not, we present the on-chain picture and decline to fabricate price targets. Every forecast section on this site carries a byline and a "last editorial review" date so readers can judge how current the analysis is.

Frequently asked questions

What is Wrapped AVAX's current price?

Wrapped AVAX (WAVAX) trades at $9.36 as of the live update on this page, per CoinPaprika data. Price refreshes on each visit.

What is Wrapped AVAX's market cap?

Market capitalization is $49.66M, ranking #421 among tracked assets per CoinPaprika.

How far is WAVAX from its all-time high?

WAVAX is currently 99.65% from its all-time high. Historical ATH distance is a useful signal but does not predict whether the prior peak will be revisited.

Does The Daily Coins publish a WAVAX price prediction?

Where tier-1 institutional research (Standard Chartered, Bitwise, Galaxy, etc.) publishes a named WAVAX target, we cite it directly. Where no tier-1 coverage exists, we present the on-chain picture and decline to fabricate analyst targets — see editorial standards.

How current is this forecast?

The byline carries a "Published" and "Last editorial review" date. Live market data refreshes on each visit; the editorial layer is reviewed on a tier-appropriate cadence (monthly for Tier-1 assets, bi-annual for long-tail).

How we made this forecast

Our quantitative model is documented at /methodology/. For coins outside our Tier-1 institutional-coverage list, the editorial section leans on on-chain data and named-exchange research rather than analyst-target attribution. Forecasts are reviewed on a tier-appropriate cadence and re-stamped accordingly. Read the full methodology →

Note: Wrapped AVAX does not currently have institutional analyst coverage from sources on our tier-1 / tier-2 allowlist (see editorial standards). We report the data; we do not forecast a range.

04b · Risk profile

Risk & considerations

Data-driven signals from current volatility, liquidity, and supply state.

Live risk signals

▲ Volatility profile: 2.02% realised daily σ — daily moves of 3.0–6.1% are within normal range.
▲ Deep drawdown: down 99.8% from ATH — recovery can span cycles; not every coin makes it back.
▲ Long-tail rank: ranked #461 — wider spreads, higher execution risk, elevated delisting risk.
▲ No hard supply cap: issuance is uncapped or schedule-driven — understand emission rules before long-term sizing.
▲ General crypto risk: markets are volatile and capable of moves outside any model's expected range. Not financial advice.

07 · Deep dive

About Wrapped AVAX (WAVAX)

Background, tokenomics, use cases, risks, and how we cover this asset.

What is Wrapped AVAX?

Wrapped AVAX (WAVAX) is a wrapped asset currently ranked 461st by market capitalization across all crypto assets we track. Wrapped assets mirror the value of an underlying coin from another chain, allowing it to be used in smart contracts where the original cannot natively interact.

Market position

At the current price of $6.44, Wrapped AVAX carries a market capitalization of $34.16M. Daily trading volume across exchanges sits at roughly $8.54M. That works out to a 24-hour turnover of about 25.02% of the float — unusually high turnover, the kind of activity that accompanies major news or speculative spikes.

Price action across timeframes

Over the past 24 hours, Wrapped AVAX has moved -2.93%; over the past week, Wrapped AVAX has moved -20.89%.

Cycle position

Wrapped AVAX is currently trading far below its all-time high (all-time high of $2,641, -99.8% from peak). .

Supply & dilution

The circulating supply stands at 5,307,179 WAVAX. There is no explicit cap on maximum supply — issuance follows a programmatic schedule defined in the protocol.

Volatility profile

Recent price action puts Wrapped AVAX in the High-volatility bucket. The asset has been actively trading, with daily moves that would be unusual in traditional equities.

How to evaluate Wrapped AVAX

A balanced read on WAVAX typically considers three lenses:

Network & on-chain activity — does usage justify the valuation? Live activity (above) should ideally trend up over time.
Cycle position — current price relative to ATH (above) sets the risk/reward asymmetry. Closer to ATL is mathematically lower downside; closer to ATH is higher downside.
Comparable assets — how is WAVAX performing against the broader crypto market (BTC, total market cap) and against peers in the same sector? The benchmarks chart on this page shows this directly.

This page combines live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model so you can answer those three questions in one place. Nothing on this page is investment advice — it's a structured starting point for your own due diligence.

Project description

Wrapped AVAX (WAVAX) is a tokenized version of Avalanche (AVAX) that enables users to interact with various decentralized finance (DeFi) applications on other blockchain networks. It allows for enhanced liquidity and cross-chain compatibility. Source: CoinPaprika.com

1 WAVAX in fiat

EUR €5.92

GBP £5.02

JPY ¥991.09

INR ₹535.45

CAD C$8.75

AUD A$9.78

BRL R$32.63

NGN ₦9,943

PHP ₱363.61

ZAR R120.35

Approximate FX · USD reference

Key statistics

Rank: #461
Market cap: $34.16M
24h volume: $8.54M
Vol / mcap: 25.02%
Circulating: 5.31M WAVAX
All-time high: $2,641
All-time low: —

Updated 1h ago · CoinPaprika

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FAQ

Wrapped AVAX essentials

What is Wrapped AVAX? ▾

Wrapped AVAX (WAVAX) is a cryptocurrency currently ranked #461 globally by market capitalization ($34.16M). It has no fixed maximum supply (inflationary issuance). We update price, volume, and on-chain data for WAVAX multiple times per day.

How much is Wrapped AVAX worth today? ▾

WAVAX is trading at $6.44 as of Jun 10, 2026, with a 24-hour change of -2.93% and a 24-hour trading volume of $8.54M. The price refreshes throughout the day; this page reads from our live data feed.

How far is Wrapped AVAX from its all-time high? ▾

WAVAX is currently -99.8% from its all-time high of $2,641. The all-time low recorded for WAVAX was —.

Is Wrapped AVAX a good investment? ▾

We do not give investment advice. What we publish is reported coverage of named analyst targets, on-chain data, and editorial analysis. Our forecast for WAVAX is above on this page — it documents what specific named institutional analysts have published, with sources. Position-sizing depends on your individual risk tolerance, time horizon, and overall portfolio — talk to a fiduciary advisor before allocating capital.

Where can I buy Wrapped AVAX? ▾

WAVAX trades on most major centralized exchanges including Binance, Coinbase, Kraken, Bitstamp, OKX, Bybit, and Bitfinex. Decentralized exchange options depend on the asset's native chain. We don't earn referral fees on these venue mentions — they're listed by liquidity ranking. Consult the live markets table on this page for current venue volume data.

How do you forecast Wrapped AVAX price? ▾

Our forecasting approach combines three inputs: (1) named institutional analyst targets we source and date by issuer, (2) a quantitative model that blends realized volatility and log returns across multiple horizons, and (3) editorial overlay from the desk reporter on this asset. We disagree with our own model when we have reason to — and we say so explicitly. Full methodology →

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How we cover WAVAX

Daily price + on-chain refresh from Coinpaprika and Coin Metrics. Named-analyst targets cited only from tier-1 institutional research desks (Standard Chartered, Bitwise, JPMorgan, Bernstein, Galaxy Digital, Goldman Sachs). All sources linked.

Full methodology →

Editorial byline

James Nakamoto

Markets Reporter · Bitcoin

Full profile →

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