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Avalanche Foundation Raises $250 Million for Network Upgrade

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#DeFi
$AVAX
Decrpt
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Dec 12, 2024

Avalanche Foundation successfully raised $250 million through a locked sale of $AVAX tokens. The funds are intended for the Avalanche9,000 network upgrade. Over 40 venture capital firms, such as Galaxy Digital and Dragonfly, participated in the sale, highlighting a strong interest in advancing the decentralized finance ecosystem.

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