AVAX

FTX exchange completes nearly $36 million in MATIC and AVAX tokens transfers

November 23, 2023 1 min read

Bankrupt cryptocurrency exchange FTX has completed nearly $36 million in token transfers. According to Lookonchain, the transactions involved Polygon (MATIC) and Avalanche (AVAX). Interestingly, these transfers correspond to FTX’s ongoing settlement negotiations with the US Department of Justice (DOJ), which total $4.3 billion. The MATIC transfer was divided into two sections. One portion, worth approximately $7.45 million in MATIC tokens, was sent to Binance via FalconX. Concurrently, another segment containing

Avalanche (AVAX) and Near Protocol (NEAR) Tokens Rally with 8% and 7% Gains

November 18, 2023 1 min read

Near Protocol (NEAR) and Avalanche (AVAX) tokens have outperformed some big names in the crypto market with notable gains. The Avalanche platform’s native token, AVAX, saw a remarkable 8.2% increase in the early hours of Friday. This performance is noteworthy, particularly in light of the general market conditions in which major players such as Ethereum and Bitcoin experienced declines. Ethereum fell below $2,000, and Bitcoin fell below $36,500. One significant

Avalanche (AVAX) surges by over 29%

November 16, 2023 1 min read

Avalanche (AVAX) has experienced an impressive surge of over 29% in the past 24 hours, reaching a high of $24, marking its peak in 15 months. This significant resurgence in Avalanche’s price has been due to a recent collaboration announcement between Onyx, JPMorgan, and Apollo Global. This collaboration is part of Project Guardian, which aims to integrate LayerZero Labs, connecting Onyx with a permissioned Avalanche Evergreen Subnet. The primary goal

Ava Labs (AVAX) Announces Workforce Reduction of 12% for Resource Reallocation

November 7, 2023 1 min read

Ava Labs, the developer behind the Avalanche blockchain (AVAX), recently made the decision to reduce its workforce by 12%, according to the company’s founder and CEO, Emin Gün Sirer. In a post on the social platform X, Sirer explained that the staff cuts are part of the company’s strategy to reallocate resources and double down on the growth of the firm and the broader Avalanche ecosystem. He acknowledged the challenges

Avalanche (AVAX) to unlock $110 Million token in November

October 30, 2023 1 min read

Avalanche (AVAX), the Layer 1 blockchain project, is preparing for a significant token unlock scheduled for November 24. This release will see 9.54 million AVAX tokens become accessible, with a total value of around $109.64 million. These tokens represent 2.69% of Avalanche’s circulating supply. The upcoming token unlock will have four primary beneficiaries: This token unlock is a significant event for the Avalanche ecosystem and its stakeholders, as it provides

Avalanche (AVAX) rallies from $8.65 to $10.8 while Bitcoin (BTC) also jumps close to $35,000

October 26, 2023 1 min read

Avalanche (AVAX) has been on a bullish streak over the past six days, posting impressive gains of nearly 25%. During this period, AVAX’s price surged from $8.65 to $10.8. Note that Bitcoin (BTC) also saw an increase of almost 24% during the same timeframe. Last week, the $9.2 level for AVAX witnessed an increase in liquidations, as indicated by Hyblock data. The $8.8-$9 range was identified as a potential area