Solana Veteran Joins Ava Labs to Spearhead Avalanche Growth

Group 1 - Ava Labs appointed Arielle Pennington as senior vice president of growth to enhance institutional adoption and real-world asset tokenization efforts [1][3] - The Avalanche blockchain is experiencing significant institutional interest, highlighted by SkyBridge's $300 million hedge fund tokenization project on AVAX [1][4] - Pennington previously led communications at the Solana Foundation, where she contributed to the network's recovery and growth following the FTX collapse, resulting in a token surge of over 2,500% [2][3] Group 2 - Pennington aims to shape the Avalanche narrative and focus on ecosystem growth, including real-world asset tokenization and stablecoin infrastructure [3][4] - The Avalanche platform is positioned as a hub for builders, institutions, and everyday users, reflecting its commitment to institutional integration [4]