AVAX Climbs on Korean Stablecoin Launch and Institutional Buzz
Avalanche’s native token AVAX is trading near $34, extending its weekly gains as the network benefits from fresh adoption news and speculation over institutional capital inflows.The token posted intraday swings between $32.52 and $35.71, closing in on weekly gains of up to 20%, according to market trackers.
What’s Driving the Move?
- Korean Stablecoin Debut: BDACS, a South Korean digital asset custodian working with Woori Bank, launched the KRW1 stablecoin on Avalanche. This marks one of the first institution-backed stablecoins pegged to the Korean won, bolstering Avalanche’s global utility.
- Institutional Capital Plans: Reports indicate the Avalanche Foundation is preparing to raise roughly $1 billion across two U.S.-based funds, aimed at purchasing AVAX and supporting ecosystem growth.
- Supply Dynamics: Avalanche faces a scheduled token unlock on September 22, releasing approximately 585,000 AVAX (~0.13% of total supply). Unlock events often trigger short-term price swings as fresh supply enters circulation.
Key Price Levels
Resistance Zones: $35.70–$36 remains immediate resistance, with a breakout opening the path to $38–$40.
Support Areas: AVAX shows initial support near $32–$33, with a stronger floor at $30.
Traders expect choppy movement into the weekend, with Monday’s unlock acting as a volatility catalyst.
Short-Term Predictions
- Base Case (50% probability): AVAX consolidates between $32–$38 as markets absorb unlock pressure.
- Bullish Case (30% probability): Breakout above $36 propels price toward $40–$41, with stretch targets at $43–$45.
- Bearish Case (20% probability): Loss of $33 support sends AVAX back to $29–$31, erasing much of the week’s gains.
What to Watch Next
- KRW1 adoption metrics — trading volumes and integration with Korean fintechs.
- September 22 token unlock — whether unlocked tokens hit exchanges or remain staked/treasury-controlled.
- Institutional funding confirmation — updates on the Avalanche Foundation’s reported $1B raise.
Bottom Line
Avalanche is showing renewed momentum on adoption and institutional headlines, but the upcoming token unlock looms as a key test. Traders are watching the $33–$36 range closely; a breakout favors $38–$40, while a breakdown risks a slide toward $31–$29.
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