AVAX Price Drops 5% Despite Wall Street's Attention
2026-09-30 00:31:53
CoinMeta data: Despite Wall Street's attention to AVAX, the price of AVAX fell by 5% on September 28th. According to TradingView data, the trading price of AVAX on that day was approximately $10.30, a decrease of 5.56% from the previous trading day's closing price. This price drop occurred at a time when a connection was established between Avalanche and one of Wall Street's largest money market products. Morgan Stanley provided approximately $100 billion of its FTIIXX Treasury funds to institutional crypto companies through Lynq. These funds remain traditional financial products and have not been converted into tokenized assets. Lynq is a settlement network designed for institutional digital asset companies, and FTIIXX is the first external fund that can be traded on Lynq. According to company data, more than 30 institutional digital asset companies have registered on this network, with a total asset value of over $89 million.
Source:The Coin Republic
This content is for market information only and does not constitute investment advice.
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