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The Avalanche ecosystem has recently stirred up a storm, as its foundation announced a plan that has shaken the market. It is reported that the foundation is working to establish two encryption treasury companies in the United States, aiming to raise as much as $1 billion. This move has not only attracted widespread attention from the market but has also sparked intense discussions among investors.
Currently, the trading price of AVAX hovers around $28.75, at a critical technical position. It is struggling to break through the resistance level of $30.02 while also remaining stable above the support level of $24.93. This delicate balance has left many investors feeling anxious.
The Avalanche Foundation's plan is meticulously designed. They have adopted a dual approach: on one hand, they are establishing a new digital asset treasury company, and on the other hand, they plan to transform a NASDAQ-listed company. Both paths aim to attract funding, with the ultimate goal of acquiring a large quantity of AVAX tokens at favorable prices.
What’s more noteworthy is that several top-tier capital firms are also involved. Hivemind Capital is leading a $500 million investment, while Dragonfly Capital is targeting a similar amount through a SPAC structure. Additionally, the involvement of former White House official Anthony Scaramucci adds considerable weight to the initiative.
This series of actions is not merely a simple injection of funds, but a strategic move to reshape market confidence through institutional endorsement. However, it has also sparked various speculations among market participants: does this signal an impending wave of large-scale rallies? Or is it merely a carefully designed arbitrage plan?
Regardless, this move by the Avalanche ecosystem undoubtedly injects a shot of adrenaline into the currently somewhat sluggish cryptocurrency market. It not only showcases the ambition of the project team but also reflects institutional investors' confidence in the future development of AVAX. However, for ordinary investors, it is still necessary to remain cautious and comprehensively assess the potential risks and opportunities before making any investment decisions.