Avalanche Secures $1B Funding to Drive AVAX Token Purchases

Avalanche is embarking on a bold initiative, securing $1 billion from Wall Street firms to purchase its native AVAX token at discounted prices. The funding will be channeled through two U.S.-based treasury firms, Hivemind and Dragonfly Capital, with support from veteran crypto investor Anthony Scaramucci. These strategic investments aim to bolster Avalanche’s ecosystem growth and market dominance.