Avalanche Secures $1 Billion for AVAX Token Buyout, Aiming for Market Stability

Blockchain platform Avalanche is planning a significant investment of $1 billion to boost its native token holdings, AVAX. This move involves the creation of two dedicated crypto treasury companies that will purchase large quantities of AVAX tokens directly from the market at discounted prices. This initiative aims to enhance the ecosystem’s long-term stability and control over AVAX’s price volatility.