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Avalanche rallies 5% on NYSE tokenization plans, eyeing $10 recovery level

Market News
09 Nov 2026, 16:04 WIB
Coinpaper
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Bullish
Avalanche rallies 5% on NYSE tokenization plans, eyeing $10 recovery level

Avalanche (AVAX) surged 5% following reports that the New York Stock Exchange plans to use its blockchain technology for a tokenized stock trading platform. This institutional adoption highlights Avalanche's growing role in blockchain-based securities settlement and could boost investor confidence if AVAX sustains gains above the key $10 level. The project is still subject to regulatory approval, and broader institutional interest, including corporate treasury holdings and a US-listed AVAX ETF, supports Avalanche's long-term potential.

Avalanche's recent rally aligns with its strong performance on Pluang, where AVAX is up 8.00% and trading at Rp159.618 as of Nov 09, 2026 21:15 WIB. Despite a majority of sell orders at 67%, the typical hold time of 88 days indicates steady investor interest.

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Avalanche (AVAX) saw its price increase by 5.02% in one hour, reaching $8.46 on Binance's spot AVAX/USDT pair as of 7:31 a.m. ET on Nov. 9. Over the same hour, short liquidations across Binance, Bybit, and OKX totaled $120,000, while no long liquidat...

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