AVAX Leads Daily Crypto Gains with 3.41% Surge to $33.05

AVAX’s open interest in futures grows by 29.7%, while its price briefly exceeds $35, driven by whale and institutional involvement, alongside AgriFORCE’s treasury shift to AVAX.

AVAX

Summary

AVAX futures open interest reached 52.19 million AVAX, valued at $1.83 billion, marking a 29.7% increase in the past 24 hours, according to Coinglass. The token briefly surpassed $35, gaining over 14.3%. Nasdaq-listed AgriFORCE Growing Systems raised $550 million, shifting toward an AVAX treasury strategy.

Terms & Concepts
  • AVAX: The native cryptocurrency of the Avalanche blockchain, used for transaction fees, staking, and network governance.
  • Whales: Individuals or entities holding large amounts of cryptocurrency, often capable of influencing market prices through significant trades.