Galaxy Digital Launches New $26 Million Avalanche (AVAX) Fund

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.

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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.

Alexander Stefanov