Avalanche has raised $250 million in a private sale of locked-tokens, with participation from over 40 high-level investment companies. The funding was led by Galaxy Digital, Dragonfly, and ParaFi Capital. Following the fundraising, Avalanche launched its Avalanche9000 update, which aims to reduce implementation costs and transaction costs on its blockchain. The update also includes a retroactive grants program for developers building on Avalanche. The complete rollout of Avalanche9000 is scheduled for December 16. Meanwhile, the price of Avalanche's native crypto token, AVAX, has seen a 2% increase in the last 24 hours and has recorded a price increase of over 60% in the last 30 days. AVAX currently holds the 11th position in terms of market capitalization, with a total of over $21 billion.



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