AVAX rises 10% after Avalanche Foundation raises $250M in preparation for blockchain upgrade

The Avalanche Foundation announced raising $250 million through a private token sale to support its blockchain platform, according to a Dec. 12 statement. The funding round had around 40 participants, including leading firms such as Galaxy Digital, Dragonfly, and ParaFi Capital. The announcement spurred a 10% surge in Avalanche’s AVAX token, pushing its price to […] The post AVAX rises 10%... source: https://cryptoslate.com/avax-rises-10-after-avalanche-foundation-raises-250m-in-preparation-for-blockchain-upgrade/