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News Explorer — AVAX Rises as Avalanche Foundation Raises $250 Million in Token Sale

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Dec 12, 3:33 pm
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AVAX Rises as Avalanche Foundation Raises $250 Million in Token Sale

The Avalanche Foundation raised $250 million through a locked sale of AVAX tokens for the upcoming Avalanche9,000 network upgrade. Over 40 venture capital firms, including Galaxy Digital and Dragonfly, participated in the sale, aiming to advance the decentralized finance ecosystem.

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