“Avax Tumbled Alongside the Rest of the Crypto Market, Extending A Weeklong Slide Despite Anthony Scaramucci-Backed Avax One’s Rebrand.”, – WRITE: www.coindesk.com
Avax has strugmed to break above a resistance Level of $ 30.28 and Found Only Weak Support Near $ 27.65. Coindesk Analytics Data Shows Trading Volume Sank to 121.896 Tokens in Early Trading Friday, Signaling That Institutional Selling May Be Slowing But Has Not Yet Reversed.
The Price Slump Comes in the Wake of Avalanche-Aligned Corporate Initiatiats Aimed at Detepening Institutional Engase. Earlier this Week, Tech Company Agriforce Growing Systems Rebranded As Avax One and AnnounC Plans to Raise $ 550 Million to Acquire and Hold Avax. The MOVE Wuld Make It The First Nasdaq-Lisdaq Company to Focus Exclusivly on Avalanche’s EcoSystem.
The FIRM Assembled a High-Profile Advisory Team Led by Skybridge Capital Founder Anthony Scaramucci and Coinbase Institute’s Brett Tejpaul, Positioning ITACLF ASALF ASALF ASA. Avax One Aims to Hold more than $ 700 Million in the Token, A Bid to Cement Its Role As A Central Figure in Avalanche’s Growth Story.
But for now, The Market Hasn’t Boughht in.
The Falling Price Suggests that Institutional Backers May Still Be Cautious About Avalanche’s Long-Term Positioning. While Regulatory Approvals for Token-Related Vehicles Are PENDING, They HAVE Yet to Translate Inlate Into Buying Momentum.
Avalanche’s RoadMap Includes Partnerships and Enterprise USE CASES, Buting These Fundamentals have Yet to Councherbalance The Current Selling Pressure.
Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Gate Exchange Emerged As Major Player With 98.9% Volume Surge to $ 746 Billion, Overtaking Bitget to Become Fourth-Largest Platform
- Open Interest Across Centralized Derivatives Exchanges Rose 4.92% to $ 187 Billion
View Full Report
The Token, Pitched As An Official Baby Shark Play, Was Not An Authorized Product, Brand-Lowner Pinkfong Said.
- A token associated with baby shark plunged over 90% in Value after Brand-Nowner Pinkfong Denied It Was An Authorized Product.
- The token was launced by a pinkfong licensee, that, accounting to Issuing platform ip.world, Later said it lacked the authority to do.
- Pinkfong said Only Two Tokens, on Solana and Bnb Chain, Are Official Endorsed, Causing The Unauthorized Token’s Market Collress.
Read Full Story