AVAX rises 10% after Avalanche Foundation raises $250M in preparation for blockchain upgrade

The Avalanche Foundation announced raising $250 million through a private token sale to support its blockchain platform, according to a Dec. 12 statement. The funding round had around 40 participan...

By · · 1 min read
AVAX rises 10% after Avalanche Foundation raises $250M in preparation for blockchain upgrade

Source: CryptoSlate

The Avalanche Foundation announced raising $250 million through a private token sale to support its blockchain platform, according to a Dec. 12 statement. The funding round had around 40 participants, including leading firms such as Galaxy Digital, Dragonfly, and ParaFi Capital. The announcement spurred a 10% surge in Avalanche’s AVAX token, pushing its price to […]