Hold onto your hats, folks! AVAX just waltzed up to $30 on Binance – the highest since February, and no, they didn’t hire a marching band for the occasion… yet. Investors are suddenly all sunshine and rainbows about the rest of the year. Optimism? Check. FOMO? Double check.
People are now eyeing AVAX like it’s the last slice of pizza at a party. But what’s behind this spicy rally? Grab your popcorn and let’s break down the showstoppers.
Avalanche (AVAX) Gets Cozy with Wall Street (Wait, What?)
The Financial Times spilled the beans: The Avalanche Foundation is cooking up not one, but TWO crypto treasure chests on US soil, aiming for a cool billion dollars. Tell your grandpa that “billion” is the new black!
First, the brainy folks at Hivemind Capital are hustling to rack up $500 million through a Nasdaq-listed company-possibly by September’s curtain call. “Hivemind,” huh? Sounds like they read the investor’s script perfectly.
Then, there’s a mysterious SPAC backed by Dragonfly Capital (because who doesn’t love mythical flying bugs?) also after $500 million. Don’t hold your breath though; this sequel might premiere in October.
The loot from both deals will be lavished on AVAX tokens from the Foundation’s stash. Picture 720 million tokens in total (that’s like universe-scale Monopoly money), with 420 million already out there causing a ruckus.
This financial fandango helped AVAX hit $30 on September 11, though it took a little nosedive to $28.8 shortly after-because every good show needs a dramatic twist, right? According to BeInCrypto, this was accompanied by a trading volume that smashed $1.8 billion. Yeah, you heard right – billion. Apparently, people forgot to sleep and decided to trade instead.
Real-World Assets (RWA): AVAX is Literally Bringing the Real World to the Crypto Party
Here’s the kicker: AVAX isn’t just playing with digital marbles. It’s leading the charge in Real-World Asset growth over the past month with a jaw-dropping 139% increase. That’s more than $450 million in value – enough to buy a small island or a very fancy hotdog stand.
Why the boom? Thanks to Janus Henderson, a global investment firm juggling over $379 billion-no typo, that number isn’t even funny anymore! They tokenized their AAA CLO Fund, JAAA, right on Avalanche’s blockchain using something called the Centrifuge protocol. Sounds like a spaceship, but it’s finance in spandex.
Since September kicked off, the JAAA fund has clocked more than $250 million streaming on Avalanche’s blockchain like a digital firehose. But hey, don’t get too comfy – AVAX’s RWA share is still a tiny 2.82%. The RWA race is tougher than a Mel Brooks’ script punchline!
With institutions flooding the scene like it’s a 1920’s speakeasy, the mood is buoyant, and AVAX’s rally is strutting like it’s got a doctorate in swagger. Technical analysts? They’re whispering sweet nothings about $40+ by year-end. So grab your popcorn, keep your spectacles polished, and remember: in crypto, this show never ends! 🎭💸
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2025-09-11 13:26