Advisor To Trump Family's World Liberty Financial Opened A Bold 10x Long Bet On Avalanche — Here's How Much They Have Gained

Core Insights - A significant long bet on Avalanche (AVAX) was made by an advisor to the Trump family-backed cryptocurrency platform World Liberty Financial, following the announcement of the first publicly traded AVAX-focused treasury company [1][3]. Group 1: Investment Activity - An individual, known as Ogle, opened a 10x leveraged long position on AVAX worth $2.2 million, with an entry price of $33.8835. The current price has risen to $34.146, resulting in an unrealized profit of $17,445 [2]. - The recent price surge of AVAX reached an 8-month high of $35.91 after the announcement of the new treasury firm [4]. Group 2: Company Developments - AgriFORCE Growing Systems Ltd. has rebranded as AVAX One, establishing the first publicly traded company focused on accumulating AVAX, with plans to raise approximately $550 million [3]. - The advisory board of the new venture will be led by Anthony Scaramucci, a prominent advocate for cryptocurrency and founder of SkyBridge Capital [3]. Group 3: Market Reactions - Following the announcement, AGRI stock experienced a nearly 75% increase, although it later slipped 2.85% in after-hours trading after closing 26.53% lower at $4.210 during regular trading [4].