Posted 8/26/2023, 9:02:34 PM

AVAX Dump Continues Despite Puma/Roc Nation Sneaker Launch On Avalanche

AVAX, the native currency of Avalanche blockchain, is trading at new 2023 lows, down 55% from its highs and showing strong selling momentum, with the potential to break below critical support levels despite recent partnerships and initiatives by Avalanche Foundation.

newsbtc.com

Relevant topic timeline:

8/21/2023

$99M Avalanche Tokens to Unlock This Saturday

Avalanche will unlock roughly $99 million worth of assets and expects a 25% increase in token supply over the next year.

8/22/2023

Avalanche Stuck in Bear Trap: 99.5% of AVAX Investors Are Holding Tokens at Loss

The price of AVAX has been heavily impacted by the bear market in crypto, leading to a multi-year low and causing nearly all AVAX holders to be at a loss, despite several significant developments in the AVAX ecosystem.