<ul><li>The Avalanche Foundation has raised $250 million through a private token sale to support its blockchain platform.</li><li>Leading firms such as Galaxy Digital, Dragonfly, and ParaFi Capital participated in the funding round.</li><li>The announcement of the funding round led to a 10% increase in Avalanche's AVAX token price, reaching $52.</li><li>The upcoming Avalanche9000 upgrade aims to revolutionize blockchain costs and scalability, attracting institutional giants such as BlackRock and Franklin Templeton.</li></ul>

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

Discover more