Avalanche (AVAX) raises $250 million from Galaxy Digital and other investors.
Popular altcoin Avalanche (AVAX) received $250 million in investments from Galaxy and others, Forbes reported.
The report noted that Avalanche raised $250 million in funding through a private token sale that involved more than 40 companies, including Galaxy Digital, Dragonfly, and ParaFi.
The Avalanche Foundation's last similar token sale was in December 2021, when it raised $230 million.
AVAX rose following the news.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Interview with VanEck Investment Manager: From an Institutional Perspective, Should You Buy BTC Now?
The support levels near $78,000 and $70,000 present a good entry opportunity.
Macroeconomic Report: How Trump, the Federal Reserve, and Trade Sparked the Biggest Market Volatility in History
The deliberate devaluation of the US dollar, combined with extreme cross-border imbalances and excessive valuations, is brewing a volatility event.
Vitalik donated 256 ETH to two chat apps you've never heard of—what exactly is he betting on?
He made it clear: neither of these two applications is perfect, and there is still a long way to go to achieve true user experience and security.
Prediction Market Supercycle
