Avalanche (AVAX) Prices Jump 14% On New Trust Launch, Here’s Why

Avalanche (AVAX) Prices Jump 14% On New Trust Launch, Here’s Why

Avalanche (AVAX), the 11th-largest cryptocurrency, rallied on Thursday after digital asset manager Valkyrie launched an investment trust dedicated to the token. AVAX jumped 14% in a few hours to a one-week high of $68.36. The spike came just after Valkyrie’s announcement, which is expected to draw more institutional money into…
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Source: CoinGape
Posted: 39 minutes ago