Avalanche Plummets Double-Digits
In a market where everything is dropping, some drop first, other drop later.
I think its a solid project. We should see positive movement as the price of crypto in general recovers (whenever that is)
adrian ondachchi Answered question
Terra foundation had avax reserves, market was already down and as they liquidated their assets to save ust, avax took double damage
Reshantha De silva Posted new comment
I remember when avax was $2-4 per coin. There’s probably extra pressure due to the UST situation where they held a shit load of avax in reserve. It may be down 80% from ath but this is what happens to coins not named BTC or ETH during bear markets.
They held a bit short of 100M, and it has a market cap of almost 8bn. Noticeable? Sure. But not enough to really hurt it.