Avalanche Tumbles Amid Schwab Listing News as ChainSpin Presale Gains Momentum

Avalanche's price pulled back after the announcement that Charles Schwab will list AVAX on its direct crypto trading platform, alongside SOL and LINK.

The listing news was met with less enthusiasm than expected, as AVAX's price is currently around $7.28, down about 2% over 24 hours and more than 5% over seven days.

However, a recovery above $7.50 could indicate that buyers are responding more strongly to the Schwab catalyst, potentially leading to a move toward $8 if AVAX clears its weekly high near $7.72.

In contrast, ChainSpin's presale is gaining momentum, with Stage 1 already surpassing 30% sold and raising over $150,000 before its first scheduled price increase.