Avalanche Sees Major Institutional Adoption with Goldman Sachs' $100B Fund

Goldman Sachs has announced that its flagship $100B Treasury fund will be routed onto the Avalanche blockchain through the permissioned Lynq L1. This move gives institutions a chance to earn yields on their cash between trades while keeping within existing infrastructure.

The firms B2C2, Wintermute, Galaxy, FalconX and Fireblocks have also used this setup.

Price action on the 4h chart shows AVAX at $10.58 holding above the EMA50 support at $10.37 with the EMA200 far below at $8.78. The MACD death cross and neutral RSI at 49.17 keep momentum contained inside the Bollinger band between $10.23 and $11.25.

Institutions watching Avalanche's institutional adoption will note that any break above upper band resistance at $11.25 could accelerate flows into AVAX price prediction models tied to crypto treasury yields.