AVAX has surged 26% over the past week, reaching over $30, driven by a $1 billion treasury plan from the Avalanche Foundation. This initiative involves purchasing AVAX through two U.S. structured deals, aiming to lock tokens and stabilize prices. The move has increased trading volume and bullish technical indicators, with the market cap now exceeding $12 billion.
The Avalanche Foundation's strategy is designed to reduce sell-side pressure and demonstrate institutional confidence. With a total supply cap of 720 million AVAX and 420 million currently circulating, this concentrated accumulation could further tighten supply and enhance market capitalization.
AVAX Jumps 26% to $30 Following $1 Billion Treasury Initiative
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