📅 September 22 | United States
The crypto ecosystem adds a new chapter of financial audacity. Anthony Scaramucci, founder of SkyBridge Capital and a renowned Wall Street figure, announced his support for the creation of a multi-billion-dollar treasury for Avalanche (AVAX). The goal is as ambitious as it is provocative: to raise $550 million to consolidate a fund that will boost the network, attract liquidity, and consolidate AVAX as one of the most influential blockchains on the market.
📖 The Movement Behind the Announcement
According to The Block, the initiative seeks to build an AVAX Treasury, designed not only to sustain the ecosystem but also to finance strategic projects within Avalanche. The idea is to replicate a model we've already seen on other blockchains: using a massive fund as a catalyst for technological development and as a shield against fierce competition from Ethereum, Solana, and Base.
Anthony Scaramucci, who has long championed the role of cryptoassets in the global economy, didn't hesitate to link his reputation to the proposal. His support could be key to attracting institutional investors and providing the legitimacy Avalanche needs in this new phase.
The plan calls for the treasury to reach $550 million, a figure that, if achieved, would place AVAX in a strategic position: with enough capital not only to incentivize developers but also to support large-scale financial integrations and corporate alliances.
The news is already generating expectations in the market. Some analysts read it as a sign of confidence that Avalanche can compete in the next wave of mass adoption; others warn that relying so heavily on fresh capital could be a double-edged sword in times of high volatility.
Topic Opinion:
Blockchains are no longer competing just on technology, but also on financial power. Avalanche is making a statement: it wants to ensure it won't be left behind by the multichain expansion led by Ethereum and Solana.
Scaramucci's endorsement is no coincidence. It's a direct message to institutional investors: "AVAX has a future, and here's a giant fund to prove it." But it also poses risks: if capital isn't managed with a long-term vision, this treasure trove could become more of a burden than a boost.
💬 Do you think Avalanche will be able to position itself on par with Ethereum and Solana with this megatreasure?
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