1

Avalanche (AVAX) Price Plunges 21% in an Hour

Market Cap Drops to $12.38 Billion

The price of Avalanche (AVAX) has experienced a sharp decline in the past hour, plummeting 21% to $31.94. This significant drop has further extended the token's downward trend, which has seen it lose 40% of its value over the last hour.

AVAX Native Token for Avalanche Platform

AVAX is the native token of the Avalanche platform, which facilitates transactions on the X-Chain (for trading) and P-Chain (for staking). The current live price of Avalanche is $32.43 per AVAX, with a market capitalization of $12.38 billion.

To purchase AVAX, users can create an account on Coinbase. Avalanche was launched in 2020 and has a current supply of 439,212,893,257,249.9 AVAX.

1