Recently, the well-known investment company Galaxy Digital launched a new fund dedicated to investing in Avalanche (AVAX), valued at $260,000. This capital will be locked in for two years, generating significant interest among investors. Galaxy Digital announced the establishment of the $260,000 AVAX fund, with a two-year investment lock-up period. Previously, CEO Michael Novogratz recently declared a $15 billion investment in the crypto industry, causing quite a stir.
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In response to this news, the price of AVAX began to rise. As of the time of writing, its trading price is $20.94, having increased by 24% in the past two hours. This development, coupled with potential future actions from Galaxy Digital, could lead to a more pronounced appreciation of AVAX’s price.
