Over the past week, Avalanche (AVAX) has seen its price surge approximately 10%, now standing at around 19.65 USD. In just the last 24 hours, it has increased by about 7%, demonstrating strong market momentum.

Noteworthy large-scale investors, referred to as “whales,” have heavily invested in AVAX. Recently, they bought 4.7 million AVAX valued at close to 90 million USD, indicating robust confidence in the cryptocurrency.

With the introduction of an AVAX-focused ETF by VanEck and positive technical indicators, many analysts foresee a potential price rise towards 25 USD or possibly 30 USD, assuming the current momentum continues.