Avalanche
Why Avalanche is down 1.0% in the last hour
Analysis
AVAX slipped about 1% over the past hour amid negative sentiment tied to uncertainty around shareholder sales, after the Scaramucci-linked AVAX One reportedly tumbled sharply on those concerns. While VanEck’s move to expand its crypto ETF lineup with a spot Avalanche product is a supportive headline, the near-term price action appears dominated by the risk-off reaction highlighted in the AVAX One report.
Contributing Factors (2)
Anthony Scaramucci-linked AVAX One tumbles 32% on uncertainty around shareholder sales
The firm, which holds AVAX tokens and related Avalanche ecosystem assets, registered roughly 74 million shares held by insiders.
VanEck expands crypto ETF lineup with spot Avalanche product
The newly launched fund offers exchange-traded exposure to AVAX as other proposed Avalanche ETFs remain under regulatory review.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.