Avalanche Treasury Co. shares have fallen about 73% since their Nasdaq debut, driven by a sharp decline in the value of their AVAX token holdings. The company reported a $26.78 million net loss for the quarter ending March 31, with AVAX holdings dropping from a cost basis of $265.29 million to a fair value of $122.76 million. Initial concerns about the company’s ability to continue as a going concern were eased after a merger with Mountain Lake Acquisition Corp. Avalanche Treasury aims to provide public-market exposure to the Avalanche ecosystem, but its stock price remains closely tied to the fluctuating AVAX token price and market conditions.
Avalanche (AVAX) saw its price fall to $7.08 on Binance at 5:02 p.m. ET on Nov. 14, down 5.70% in four hours and 14.64% over 24 hours. During a one-hour period, combined long liquidations across Binance, Bybit, and OKX reached $310,000, significantly...
Avalanche (AVAX) experienced a 5.8% price decline over four hours, falling to $7.48 on Binance. Over the past 24 hours, AVAX dropped 10.46%, reflecting broader market weakness. During the last hour, $10,000 worth of long positions were liquidated acr...
Bitcoin fell below $70,000 due to heavy liquidations totaling $1.47 billion and ETF withdrawals, signaling market pressure. Coinbase secured full federal trust bank approval for its institutional custody business, enhancing regulatory standing. Meanw...
Avalanche (AVAX) traded around $8.28, remaining below its 50-day and 200-day moving averages of $8.94 and $9.01 respectively. The nearest support level is at $7.77, with a further floor at $7.05 if that breaks, while resistance levels are near $9.15 ...
On November 12, Solana and Avalanche spot ETFs recorded net inflows, reversing previous outflows for Solana and breaking a no-flow streak for Avalanche. Meanwhile, Zcash spot ETFs experienced net outflows for the second consecutive day. Other altcoin...
