Avalanche is making significant strides in the blockchain and cryptocurrency sectors, highlighted by the launch of CruTrade, a marketplace that tokenizes $60 million worth of fine wine, marking a major step in the on-chain luxury asset market. Additionally, Avalanche Treasury Co. is set to go public through a $675 million SPAC deal, aiming to become a $1 billion ecosystem treasury, which positions it as a key player in institutional AVAX exposure by 2026.
The AVAX token has experienced a notable price surge, avoiding broader crypto market declines, driven by institutional momentum and network growth. Despite facing key resistance levels, analysts remain optimistic about a potential rally, with some forecasting a move towards $40 if current momentum holds. These developments underscore Avalanche's growing influence and strategic positioning in the evolving blockchain landscape.
Avalanche (AVAX) Expands Horizons with CruTrade & SPAC Deal
October 10, 2025
1 min read
Avalanche is making significant strides in the blockchain and cryptocurrency sectors, highlighted by the launch of CruTrade, a marketplace that tokenizes $60 million worth of fine wine, marking a major step in the on-chain luxury asset market. Additionally, Avalanche Treasury Co. is set to go public through a $675 million SPAC deal, aiming to become a $1 billion ecosystem treasury, which positions it as a key player in institutional AVAX exposure by 2026.