Avalanche Don Launch Two $1B AVAX Funding Vehicles
Avalanche Foundation dey knack $1 billion use two US-based digital asset treasury vehicles to buy AVAX for discount and make market steady. The first one wey Hivemind Capital dey run wit advisor Anthony Scaramucci, na to collect up to $500 million from private placement for one Nasdaq-listed company, dem dey expect say e go finish this month. The second one, SPAC wey Dragonfly Capital sponsor, wan raise $500 million by October. Together, the money go purchase about 34.7 million AVAX tokens—about 8% of the tokens wey dey in market now—at discount rate, to increase liquidity and make price stable. AVAX dey trade near $29, don rise 16% last week, as interest dey grow, including Grayscale’s spot AVAX ETF filing. Traders fit see this move as way to make Avalanche ecosystem more popular, improve US business and strengthen network reserves.
Bullish
Di $1 billion dual funding vehicles dey signal sey institution dem get strong demand for AVAX plus dem dey do proactive treasury management. Di discounted way dem buy like 8% of di circulating supply dey boost network reserves and e dey support liquidity, comot sell-pressure and e dey help price stability. Di private placement Wey Hivemind Capital lead plus di SPAC wey Dragonfly Capital sponsor dey expand US operations, dem dey attract more regulatory-compliant capital. With AVAX don rise 16% for di week and Grayscale spot AVAX ETF filing dey gain momentum, traders fit expect say market go dey bullish both for short-term trading and long-term adoption of di Avalanche ecosystem.