Avalanche (AVAX) faced selling pressure after a whale transferred $2.4 million worth of tokens to Coinbase, but the price still rose 6.8% to $6.79 amid a 129.52% surge in trading volume. The whale still holds a large amount of liquid tokens, which could lead to more selling, but strong buyer demand and bullish signals from top traders and derivatives funding support AVAX's recovery. If AVAX breaks above $7.00, it could target $8.00 next, but failure to clear this level may keep it range-bound near $6.30 support.
Avalanche's AVAX token rose 5.9% to surpass the $7 resistance level in August, signaling renewed buying strength. Meanwhile, tokenized financial assets on the Avalanche blockchain have grown significantly, reaching over $3 billion from $740 million l...
Major cryptocurrencies saw significant gains, with Bitcoin rising 6.2% to $72,557 and Ethereum up 10.9% to $2,326.79. Other notable increases include XRP up 16.1%, Dogecoin up 10.7%, and several altcoins showing double-digit percentage gains. This su...
Avalanche's price hovers near $6.35 following the launch of the Neuberger Securitize High Income Tokenized Fund (HINC), a new fixed-income tokenized fund on its blockchain. The fund, sub-advised by Neuberger Berman, includes high-yield bonds, collate...
Ava Labs, the developer of the Avalanche blockchain, has promoted Charley Cooper to president and Lydia Chiu to permanent chief financial officer. Cooper, previously COO, brings extensive regulatory experience from his time at the Commodity Futures T...
Avalanche (AVAX) price fell 2.39% to $6.34 as most altcoins weakened, making AVAX one of the poorest performers despite a flat overall crypto market. The decline lacks a specific catalyst and reflects broad market risk-off sentiment. However, whale a...
