UAE Digital Identity Rumors Drive AVAX Surge

Avalanche (AVAX) has seen a significant price increase of around 3.7% in the last 7 hours, driven by rumors that it will be integrated into the UAE's national digital identity platform, UAE PASS.

The integration narrative is centered around claims that AVAX will power a 'digital vault' or digital ID infrastructure within UAE PASS, which reportedly serves over 12.5 million users and thousands of services.

While there is no official confirmation yet, the story has sparked speculation about obligatory AVAX lockups or validation by UAE entities, pointing to the potential for a large, government-linked use case.

The move is also happening within a generally constructive crypto market, with total crypto market cap up around 2.2% over the last 24 hours and altcoins excluding BTC rising about 3.0%. Against this backdrop, AVAX's performance is only moderately above the broader altcoin basket rather than an extreme outlier.