Recently, Galaxy Digital, a prominent investment firm, unveiled a new $26 million fund dedicated to Avalanche (AVAX).
This fund, which will remain locked for two years, has sparked significant interest among investors.
Galaxy Digital has announced the launch of a $26 million AVAX fund, with the investment locked in for a two-year period.
This move follows CEO Michael Novogratz’s recent declaration of a $150 million investment in the crypto sector, generating considerable buzz.
In response to this news, the price of AVAX has begun to climb. Currently trading at $21.29 – up 5% in the past 24 hours – AVAX briefly reached $21.34.
This development, coupled with potential future actions by Galaxy Digital, could further drive up the price of AVAX.
At the beginning of the week, Solana’s (SOL) price slightly declined but stayed close to $144 following a 9% rise over the previous week.
On Monday, investor interest surged for a blockchain-based game and DeFi protocol as its token price skyrocketed nearly 37%.
A prominent cryptocurrency analyst believes that the Ethereum-Bitcoin (ETH/BTC) trading pair is nearing a cycle bottom.
Tether’s USDT, the largest stablecoin, continues to strengthen its market position, with its market capitalization nearing $120 billion for the first time.