Bearish
Avalanche's AVAX drops 8% post-Helicon upgrade amid Wall Street's 24/7 trading tests
In the past 24 hours, Avalanche's AVAX token experienced an 8% decline following the Helicon upgrade, which introduced a shorter minimum staking period of 48 hours. This change allows stakers to liquidate assets more quickly, potentially increasing market supply. Additionally, the Intercontinental Exchange (ICE), owner of the New York Stock Exchange, has been testing Avalanche for 24/7 tokenized trading of U.S. stocks and ETFs for about a year but has yet to commit to a partnership.
Key points
- Helicon upgrade reduces minimum staking period to 48 hours, increasing potential sell pressure.
- ICE tests Avalanche for 24/7 tokenized trading; no formal agreement yet.
- AVAX price declines 8% post-Helicon upgrade; market awaits further developments.
Sources
AI-generated from public news sources. Not financial advice.
