Key takeaways:
AVAX’s 10% to $33 on Tuesday is fueled by Avalanche treasury initiatives.
Avalanche’s network growth in TVL and stablecoin market cap shows booming DeFi adoption.
AVAX’s rounded bottom pattern projects a short-term target at $55, and $212 in the longer term.
Avalanche’s AVAX (AVAX) token surged 10% to trade above $33 on Tuesday amid a broader crypto market downturn, bucking the sell-off trend. AVAX price is up 21.5% from its local low of $29, driven by institutional momentum, signaling renewed confidence in the layer-1 token.
AVAX/USD four-hour chart. Source: Cointelegraph/TradingView
Positive fundamentals boost AVAX’s price
The Avalanche Foundation has made several moves to bolster AVAX’s institutional appeal. In early September, the nonprofit announced plans to raise $1 billion through two US-based crypto treasury companies, enabling them to acquire millions of AVAX tokens at discounted rates from foundation reserves.
Related: WLFI Advisor Bets $2.2M AVAX, 10x Leverage After $550M
One vehicle, led by Hivemind Capital and advised by Anthony Scaramucci, targets $500 million via a Nasdaq-listed company in a PIPE transaction. This was confirmed on Monday when AgriFORCE Growing Systems rebranded as Avax One, announced plans to raise $550 million to build a treasury centered on AVAX.
🔥 NEW: AgriFORCE Growing Systems to rename as AVAX One and plans to raise $550 million to establish the first NASDAQ-listed company with $AVAX treasury strategy. pic.twitter.com/p8Q1KUwEMF
— Cointelegraph (@Cointelegraph) September 23, 2025
The second will be reportedly carried out via a special purpose acquisition vehicle, which involves major industry investor Dragonfly Capital and also aims to raise $500 million.
These treasury companies will stash AVAX, creating sustained buying pressure and liquidity.
Institutional interest in AVAX has accelerated since February. Sweden-based asset manager Vitune introduced a crypto exchange-traded product (ETP), exposing Finnish investors to AVAX.
This was followed by global investment firm VanEck’s application to launch an Avalanche exchange-traded fund (ETF) in…
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