Key Notes

AVAX broke out of a 213-day consolidation phase, surging 9% in the past day.

Two US-based treasury companies are being planned to raise $1 billion for AVAX buyback.

The news triggered a 100% rise in trading volume, with analysts eyeing a surge to $55.

Avalanche AVAX $28.80 24h volatility: 7.4% Market cap: $12.16 B Vol. 24h: $1.81 B has recently broken out of a long 213-day consolidation phase. The breakout follows a Financial Times report, which claims that the Avalanche Foundation is in advanced discussions with investors to establish two US-based “digital asset treasury” companies.

According to the report , the entities aim to cumulatively raise $1 billion to purchase millions of AVAX tokens at a discount. Related article: Altseason Incomi

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