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

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

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The Avalanche Foundation raised $250 million through a private token sale to support its blockchain platform, leading to a 10% surge in the AVAX token price. The upcoming Avalanche9000 upgrade aims to revolutionize blockchain costs and scalability, with over 500 Layer-1 chains in development and support from institutional giants like BlackRock and Franklin Templeton.

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