AVAX price rose around 10% to $52.80 after the Avalanche Foundation revealed that it had raised $250 million through a private token sale led by 40 firms. This comes as Avalanche's Total Value Locked surpasses $1.65 billion, its highest level in nearly two years, driven by growth in the DeFi sector. The funding coincides with the upcoming Avalanche9000 mainnet upgrade on December 16, which promises to cut deployment costs by 99.9%, enable interchain communication, and unlock $40 million in dev rewards. Do you trade altcoins? Source: Beincrypto
