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AVAX Reclaims $30 on 3-Year High DEX Volume and $675M Treasury Deal

Holding the $28–$31 zone is seen as the key to a breakout.

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Overview

  • AVAX trades around $30–31 after regaining the $30 handle, with recent sessions showing higher lows and improving volume.
  • Avalanche DEX activity hit roughly $17.4 billion in September, a three-year high per DefiLlama, signaling stronger on-chain liquidity.
  • Avalanche Treasury Co. agreed to a $675 million merger with Mountain Lake Acquisition Corp., aiming for a Nasdaq listing and a treasury exceeding $1 billion in AVAX, with ETF applications from major issuers also in play.
  • Real‑world asset transfers on Avalanche reached about $21.23 billion over the past 30 days, up 317% month over month, highlighting expanding tokenization use.
  • Analysts flag $28–$31 as critical support, with potential upside checkpoints around $33–$35, $40 and $47 if momentum and on‑chain strength persist.