AVAX Hoards $1B Like a Squirrel with a Nut Obsession! 🤑

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Well, slap my knee and call me astonished! The Avalanche Foundation, those clever scoundrels, are fixin’ to raise a cool $1 billion to scoop up AVAX tokens like they’re going out of style. 🌪️💰 Word on the street is they’re chattin’ up investors to set up not one, but two treasure chests-er, treasury firms-to hoard their precious tokens faster than a riverboat gambler with a lucky streak.

  • Avalanche Foundation’s cookin’ up two U.S.-based “digital asset treasury” companies to stash AVAX like a dragon guards its gold. 🐉
  • The deals are supposed to wrap up by October 2025, with Hivemind Capital and Dragonfly Capital throwin’ their hats in the ring. And get this-Anthony Scaramucci, the crypto-lovin’ former White House mouthpiece, is rumored to be whisperin’ sweet nothings in their ears. 🤫

According to the Financial Times (those fancy folks with their noses in the air), the Avalanche Foundation-the non-profit behind the AVAX token-is fixin’ to set up shop in the good ol’ U.S. of A. One company’ll be their official “digital asset treasury,” while the other’ll be a crypto-focused doppelgänger. Talk about hedgin’ your bets! 🎲

Right now, they’re sweet-talkin’ investment firms to cough up a billion bucks to buy AVAX at a “discounted price.” You know, like hagglin’ at a flea market, but with more zeros. 🤑

The first project’s bein’ led by Hivemind Capital, who’s aim’n to wrangle up to $500 million from Nasdaq bigwigs. And who’s in the mix? None other than Anthony Scaramucci, advisin’ like he’s still behind the podium. 🎤

Insiders say the first deal’s gonna be sealed tighter than a pickle jar by the end of the month. Avalanche and Scaramucci? Mum’s the word-they ain’t talkin’. 🤐

Meanwhile, the second deal’s takin’ the scenic route, courtesy of Dragonfly Capital. Same goal-$500 million-but it’ll take longer than a turtle on a Sunday stroll, closin’ by October at the earliest. 🐢

All this hoardin’ comes right after crypto treasury companies like Metaplanet and Strategy took a nosedive in share prices. Seems traders are losin’ faith in these crypto-stashin’ firms, but Avalanche’s sayin’, “Hold my beer.” 🍻

On the flip side, tokens like Solana (SOL) and Ethereum have been on a tear lately, thanks to companies stockpilin’ crypto like it’s the apocalypse. Kaiko says they’ve raised over $16 billion this year alone. That’s a lot of zeros, folks! 💸

AVAX Price Analysis: Is It Ridin’ High or Flyin’ Too Close to the Sun? ☀️

According to TradingView, AVAX shot up from the mid-$25 range to just above $29 faster than a jackrabbit on a date. This breakout’s a clear sign of renewed buyin’ interest, likely fueled by Avalanche’s token-hoardin’ shenanigans. 🚀

At press time, AVAX is up 10.7% in the past 24 hours and 16.4% in the past week, inching closer to the $30 mark like a kid eyein’ the cookie jar. 🍪

AVAX Price Chart

But hold your horses-resistance is brewin’ at the $30 level, where sellers are lurkin’ like vultures. On the flip side, support’s hangin’ around $27.50 to $28, the breakout zone during the rally. If AVAX holds above that, it’s bullish as a bull in a china shop. But if it dips below $27, it might backtrack to $26 faster than you can say “crypto volatility.” 🐂

The RSI peaked above 70 (overbought territory) before coolin’ off to 62.93. So while AVAX is still in the bull pen, the market might be takin’ a breather after that wild ride. Short-term traders, beware-this could be a retracement or sideways shuffle before the next big leap. 🕺

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2025-09-11 09:38