The fundraising attracted over 40 prominent investors including Galaxy Digital, Dragonfly, and ParaFi Capital, despite Avalanche Foundation already holding $3 billion worth of AVAX tokens. The upcoming “Avalanche9000” upgrade introduces a new subscription model, reducing validator costs from 2,000 AVAX upfront to just 1.33 AVAX monthly. AVAX token has responded positively to the news, trading at $52.89 with a 10% increase in 24 hours and showing strong technical indicators suggesting potential further growth. The Avalanche Foundation has successfully raised $250 million through a private token sale, marking one of the…
Avalanche Secures $250M in Private Token Sale Ahead of Major Upgrade
