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Avalanche Lands $250 Million as Crypto All-Stars Blows Past $15M – What’s Driving the Boom?

2025-07-03 22:44:25

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Avalanche has just raised a towering $250 million in a private crypto sale for the network’s Ethereum -challenging blockchain. Lead investors Galaxy Digital, ParaFi Capital and Dragonfly were joined by more than 40 investment firms including Anthony Scaramucci’s SkyBridge Capital and AI/crypto investment firm Morgan Creek Digital. The raise comes shortly after the launch of the Avalanche9000 testnet. According to the tweeted announcement, the upcoming Avalanche9000 upgrade “represents a pivotal ...

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