 | Cryptoasset Avalanche (AVAX) (Coinmarketcap Link for your convinience) is in big trouble. With the UST-LUN situation, the LUN Foundation has emptied their BTC Reserves to try and keep the peg. Their leftover reserves consist 75% of cryptoasset "AVAX" as you can see below: When (not if, when) they decide to empty their AVAX reserves the price is sure to crash the same magnitude of the related assets. Might be a good time to open up a leveraged position against AVAX and try to make a quick buck on the bear market. Have fun. Not financial advice. [link] [comments] |
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