The post Why Avalanche (AVAX) Token Price Surging Today? appeared first on Coinpedia Fintech News
While nearly every major cryptocurrency is trading in the red today, with Bitcoin, Ethereum, Solana, and XRP all logging losses, Avalanche’s native token AVAX is surging hard, jumping 11% in the last 24 hours to trade near $35
This spike follows a wave of positive institutional news, whale activity, and explosive trading volumes.
AgriFORCE Rebranded Itself as AVAX One
The biggest catalyst behind the AVAX token price pump is the recent announcement from AgriFORCE Growing Systems Ltd., which revealed its rebrand to AVAX One and plans to become the first publicly traded Avalanche-focused entity on Nasdaq.
The company aims to hold more than $700 million worth of AVAX tokens, raising $550 million through equity and PIPE financing.
Looking ahead, the plan also involves acquiring and merging profitable fintech ventures into Avalanche’s ecosystem.
Trading Volumes and Whale Act
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