AVAX Gains 15% in a Day as Avalanche Token Rises 32% Weekly

Avalanche AVAX token rises 15% in one day and 32% over the week as DragonflyVC’s Hoss says he likes Avalanche.

Avalanche's native AVAX token rose 15% in a single day and was up 32% over the week, according to figures shared by BSCN, putting the asset among the stronger-performing major cryptocurrencies during the period cited.

BSCN reported the move in a post on X, noting that the price increase came as Hoss, a representative of DragonflyVC, posted that he "likes" Avalanche. The post did not provide additional details about the reason for the comment or connect it directly to AVAX's price movement.

AVAX Posts Sharp Daily Gain

The AVAX token recorded a 15% increase over a single day, according to the figures cited by BSCN. On a seven-day basis, the token was up 32%.

BSCN characterized the weekly performance as placing AVAX among the best-performing major crypto assets during the period. The source did not provide a specific price level, trading volume or market-capitalization figure alongside the percentage changes.

The reported figures describe performance over different timeframes. The 15% increase refers to the daily move, while the 32% figure represents the change over the preceding week.

DragonflyVC Executive Signals Interest in Avalanche

The price move was reported alongside a post from Hoss of DragonflyVC, who said that he "likes" Avalanche.

The statement is a personal expression of interest and does not, based on the information provided by BSCN, represent an investment announcement, partnership, product launch or other formal development involving DragonflyVC and Avalanche.

BSCN did not provide further context surrounding Hoss's comment or identify any specific initiative associated with the statement.

Weekly Performance Puts AVAX in Focus

The reported 32% weekly gain places AVAX's recent performance in focus among major digital assets, while the 15% one-day increase represents a substantial portion of that weekly movement.

However, the source does not establish that Hoss's comment caused or contributed to the price increase. The two developments were reported in connection with one another, but no causal relationship was provided.

The available information also does not indicate whether the weekly gain was accompanied by changes in trading volume, network activity or other market indicators.

For now, the key figures cited by BSCN are AVAX's 15% single-day gain and 32% increase over the week, alongside Hoss's publicly stated preference for Avalanche.

writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.