According to PeckShieldAlert, the Phemex hacker's labeled address has moved 24,000 AVAX, approximately valued at $600,000, to a new address 0xb442...3f2d. This activity follows the January exploit where the hacker stole over $70 million in cryptocurrencies from the Phemex exchange. Such movements could indicate attempts to obfuscate the origin of the funds, impacting AVAX's market liquidity and trader sentiment.