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Avalanche Treasury’s debut slump could challenge Crypto proxies
Jun 12, 2026
< 1 min read
by Ashish Kumar
for CryptoPolitan
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Avalanche Treasury Co. (AVAT) fell 38.13% on its first trading day, closing at $1.85 from an initial $2.99 on June 11. The sharp drop raises doubts about institutional appetite for single-ecosystem crypto treasuries and could hinder fundraising, adoption and confidence in treasury-backed token strategies.
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Avalanche Treasury Co. (Nasdaq: AVAT) posted a drop of 38.13% on its first day of trading, closing at $1.85 from an initial price of $2.99 on June 11. The sharp price drop is likely to lead to doubts regarding whether institutional money will continue to invest in crypto treasuries that operate within one ecosystem and...
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In This News
Coins
$ 6.75
+0.69%Predictions Markets
See what traders are focused on
Share: