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