Avalanche Dey Target $1B Fund for Two AVAX Treasuries
Avalanche Foundation don start one $1 billion money waka to set up two AVAX treasuries for US. Di first round na e dem dey target na $500 million private investment wahala, Hivemind Capital dey lead am with Anthony Scaramucci na consultant, and dem wan close am this month. Di second round na one SPAC weh Dragonfly Capital dey carry sponsor, wey dem dey plan to raise another $500 million by October. Both deals go buy discounted AVAX tokens straight from di foundation, wey dey hold 720 million AVAX, 420 million of dem dey waka gidigba. Dis AVAX treasury plan na like wetin BlackRock and Visa dey do recently, aim na to increase liquidity and market presence as AVAX dey near di important $30 level. Market response so far good, AVAX don climb almost 8% in last 24 hours, even if e drop small like 2.1% since midnight UTC, while CoinDesk 20 Index rally 0.65%. Crypto traders dey see dis AVAX treasury moves as good sign wey fit help boost token demand and price balance.
Bullish
Avalanche Foundation $1 billion treasury campaign na show say strong commitment to hold and support AVAX, which fit drive demand and reduce sell-side pressure. For short term, the private round wey Hivemind lead and Dragonfly SPAC dey show say institutional confidence dey, wey fit boost price momentum as tokens dem dey buy for discount. The recent 8% rally for 24 hours show positive market sentiment. For long term, build big treasuries dey improve on-chain liquidity and market depth, wey fit lead to more stable price floors. Overall, these factors mean say AVAX get bright future.