Avantis (AVNT) token, backed by Peter Thiel, surged 77% after being listed on major exchanges. A $10 million airdrop contributed to the spike in demand, reaching an all-time high of $2.66 before pulling back to $2.05. Since its launch on Sept. 9, AVNT has grown almost 400%. Analysts expect a correction in price following the recent surge.

Read more at Yahoo Finance: Peter Thiel-Backed Avantis ($AVNT) Soars 77% on Binance and Coinbase Listings, $10M Airdrop