AVAX Price Prediction: Treasury Stock Tumbles 38% on Nasdaq Debut as Crypto Proxy Trade Unravels
Avalanche Treasury Co. opened at $2.99 on Nasdaq Thursday and closed at $1.85, a 38% wipeout on its first session underneath the ticker AVAT. The intraday low hit $1.75. That is a brutal verdict from a market that was provided a 0.77x mNAV entry, a ~23% structural low cost to purchasing AVAX outright. Why has…
