Popular altcoin Avalanche (AVAX) received $250 million in investments from Galaxy and others, Forbes reported.
The report noted that Avalanche raised $250 million in funding through a private token sale that involved more than 40 companies, including Galaxy Digital, Dragonfly, and ParaFi.
The Avalanche Foundation’s last similar token sale was in December 2021, when it raised $230 million.
AVAX rose following the news.
Details to come…
*This is not investment advice.