AVAX Skyrockets 15% in One Day as Avalanche Token Soars 32% Weekly

Avalanche's native token AVAX saw significant price growth over the past day, increasing by 15% according to figures from BSCN. Over a seven-day period, the token rose by 32%, placing it among the top-performing major cryptocurrencies during this time.

The price surge was reported alongside a post from Hoss of DragonflyVC, who stated that he 'likes' Avalanche. However, no additional context or details were provided about his comment or its potential impact on the token's price movement.

BSCN noted that AVAX's recent performance puts it in focus among major digital assets, with a substantial portion of the weekly gain coming from the single-day increase. The source did not establish any causal relationship between Hoss's comment and the price increase.