AVAX Slides 18% in a Week Despite Institutional Push from Scaramucci-Backed AVAX One – 26/9/2025

Avalanche’s native token AVAX extended its weeklong decline, dropping 8% over the past 24 hours to $27.72, wiping out nearly 18% of its value this week. The fall mirrored a broad sell-off across the crypto market, with ETH, SOL, and DOGE posting double-digit losses and BTC down 6%.

Technical charts show AVAX struggling to break through resistance at $30.28 while finding only fragile support near $27.65. CoinDesk Analytics indicates trading volume fell to 121,896 tokens in early Friday trading, suggesting institutional selling may be easing but has yet to reverse the downward trend.

The slump comes despite high-profile institutional initiatives within the Avalanche ecosystem. Earlier this week, AgriFORCE Growing Systems rebranded as AVAX One, announcing plans to raise $550 million to acquire and hold AVAX, which would make it the first Nasdaq-listed firm focused exclusively on the Avalanche network.

AVAX One assembled a prominent advisory team including SkyBridge Capital founder Anthony Scaramucci and Coinbase Institutional’s Brett Tejpaul, positioning the firm as a major AVAX custodian. The company aims to hold over $700 million in AVAX, signaling an ambitious effort to anchor institutional confidence in Avalanche’s growth story.

Despite these initiatives, market reaction has been muted. The continued price decline indicates that institutional backers remain cautious, with regulatory approvals for token-related vehicles still pending and buying momentum yet to materialize.

Avalanche’s roadmap highlights partnerships and enterprise adoption, but these fundamentals have so far failed to counterbalance the current selling pressure.