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Avalanche (AVAX) DEX Volumes Hit $1.3B All Time-High Amid Scaramucci-led Treasury Fundraise
Yahoo Finance· 2025-09-24 20:53
Core Insights - Avalanche (AVAX) has shown price resilience, gaining 2.5% on September 24, consolidating near the $35 level despite negative market reactions to the Fed's rate cut [1] - The increase in Avalanche's price is linked to a surge in DeFi activity, with DEX volumes reaching a record $1.3 billion on September 24, surpassing the previous peak of $1.18 billion [2] - AVAX holders have benefited from a 47% price increase over the last 20 days, contrasting with the downward trends in BTC and ETH [3] Investment and Corporate Developments - Hivemind Capital Partners announced a $550 million fundraising plan for the AVAX One project, which aims to tokenize financial assets on the Avalanche blockchain [4] - Anthony Scaramucci has been confirmed as the Advisory Chair for the project, focusing on real-world assets, fintech, and insure-tech [4] Price Trends and Forecast - Avalanche's price has climbed 48% in September, maintaining a bullish outlook and consolidating at seven-month peaks near $35 [5] - Momentum indicators remain positive, with the MACD line above the signal line, while the Money Flow Index (MFI) indicates a cooling from overbought conditions [6] - A sustained close above $35 could lead to new price peaks for 2025, while failure to hold the $33 support could result in a retest of $30 [6][7]