CryptoNeutralBlockonomi · 3h ago6/10
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Avalanche Treasury Stock Falls 38% After Nasdaq Debut Following SPAC Merger
Avalanche Treasury (AVAT) debuted on Nasdaq following a $675 million SPAC merger but experienced a sharp 38.1% decline on its first trading day, closing at $1.85. Despite the stock's poor performance, the underlying AVAX token gained 1.27% to $6.66, and the company plans to acquire over $1 billion in AVAX tokens.
$AVAX