AVAX to EXPLODE? $1 Billion Fund Talks!
Could a billion-dollar gamble catapult AVAX to new heights? The Avalanche Foundation is reportedly in talks to raise up to $1 billion to launch dedicated treasury companies holding its AVAX token, sending the price soaring to a seven-month high of $29! This surge follows a 9% jump in just 24 hours, significantly outperforming other top crypto assets. Furthermore, decentralized exchanges on the Avalanche network have seen trading volume explode to nearly $900 million, its highest since March. Two separate deals are reportedly in the works: one led by Hivemind Capital, potentially raising $500 million, and another through a special purpose acquisition vehicle led by Dragonfly Capital, aiming for another $500 million. This ambitious move mirrors the successful strategies of Ethereum and Solana, whose treasury companies have amassed billions worth of their respective tokens. This bold move could ignite institutional interest in AVAX and fuel an even greater price surge. Your wallet might thank you for paying attention. Subscribe now to stay ahead of the curve!
Tags/Hashtags: #avax #avalanche #cryptocurrency #blockchain #defi #token #fundraising #avax #blackrock
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