- WLFI adviser Ogle opened a $2.2M, 10x leveraged long on AVAX after AgriFORCE’s treasury strategy announcement.
- Whale wallet “0xb2ca” placed a $17.2M, 5x leveraged AVAX long, netting $900K in unrealized profit within nine hours.
- AgriFORCE shares soared 200% after unveiling plans to rebrand as AVAX One and accumulate $700M in Avalanche tokens.
Large bets on Avalanche’s AVAX token have followed corporate treasury announcements and leveraged positions from notable investors. World Liberty Financial adviser Ogle opened a $2.2 million long position using 10x leverage after agricultural technology company AgriFORCE Growing Systems revealed a pivot toward an Avalanche treasury. The move coincided with AVAX reaching a 24-hour high of $35.91, highlighting growing exposure to the blockchain’s native asset.
WLFI Adviser and Whales Open Long Positions
According to blockchain data platform Lookonchain, Ogle entered the AVAX trade at $33.88 and faces liquidation if the price falls below $15.50. The leveraged move came shortly after AgriFORCE’s announcement of a $550 million AVAX corporate treasury program. The firm plans to rebrand as AVAX One and accumulate $700 million in tokens under its new strategy.
Whales also moved to increase their exposure. Wallet “0xb2ca” opened a leveraged position worth $17.2 million at 5x leverage. Within nine hours, the position recorded $900,000 in unrealized profit, according to blockchain data. These trades reflect the immediate market response following AgriFORCE’s corporate shift and Avalanche ETF developments.
AgriFORCE Shares Surge
The AgriFORCE announcement led to major stock gains. According to Cointelegraph, the Nasdaq-listed company’s shares soared by more than 200% at Monday’s open after unveiling the AVAX treasury strategy. The company named Anthony Scaramucci, founder of SkyBridge Capital, and Brett Tejpaul, Coinbase Institutional’s head, as leaders of its advisory board.
While AgriFORCE eyes $700 million in AVAX, the Avalanche Foundation is separately in discussions to raise a $1 billion treasury vehicle. The Financial Times reported the plan involves acquiring AVAX tokens at a discounted price, with Hivemind Capital leading the first $500 million private placement. These developments mark increased corporate and institutional attention on the Avalanche ecosystem.
ETF Filings and Institutional Interest in AVAX
Adding to the momentum, Grayscale submitted an updated Form S-1 to the U.S. Securities and Exchange Commission for a spot Avalanche ETF on Aug. 25. This filing aligns with the broader trend of asset managers pursuing regulated investment products tied to Avalanche.
Despite these moves, AVAX remains far from previous highs. The token is trading at $34.13, still down over 76% from its record $146 peak on Nov. 21, 2021. However, the combination of corporate treasury accumulation, leveraged bets, and ETF filings has brought new investor focus to Avalanche’s token.
