The Avalanche Foundation has raised $250 million in a private locked-token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital. Following the announcement, AVAX prices increased by nearly 9% to reach $52.80. The foundation also announced the upcoming launch of the Avalanche9000 upgrade, which aims to reduce deployment costs, enable interchain communication, and unlock developer rewards. The Total Value Locked (TVL) on the Avalanche blockchain has surpassed $1.65 billion, indicating its appeal in the DeFi sector. AVAX has experienced significant price growth in the last 30 days, with potential to move past $60. Technical indicators suggest there is still room for a price surge, although sentiment analysis shows some negativity. However, strong volumes and a high percentage of addresses in profit indicate demand for AVAX.



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