Thoughts on Avalanche (AVAX)?

I’ve been looking into alts since my portfolio has been mostly ETH and I’m now rotating out of it. AVAX has gotten my most attention. There seem to be a lot going for it: Record On-chain Transaction numbers, many really strong partners, very good fundamentals, more 24hr stablecoin inflows than SOL, and more. With many institutions beginning to put everything on chain, the subnets AVAX offers seem like one of the absolute best choices. It has seen very little price action though, and I haven’t found a solid explanation as to why. I find different things when searching like: lack of media attention, insiders dumping, fear of dilution, etc. Some people are obviously overly bullish on saying its going to 50x or something, obviously not but it does seem undervalued compared to market cap of others (Its hovered around 10B). It should easily be on levels of ADA or even competing with SOL, but it seems stagnate. I hold a large holding of it currently during this cycle I expect to sell some but its such a strong project I plan to hold some long term, any thoughts?