Avalanche Foundation to Launch $1 Billion Treasury Fund for AVAX

While the crypto market saw some significant dips recently, the Avalanche Foundation is forging ahead with ambitious plans to secure long-term support for its blockchain. The non-profit organization, responsible for the Avalanche network, is in talks with investors to launch a new digital asset treasury company and convert another existing business into this model. The initiative aims to raise $1 billion over the coming weeks, a move that will significantly impact the AVAX token’s future.