Large investors and a crypto adviser are bullish on Avalanche’s AVAX token, with a $2.2 million long position opened at $33.88. AgriFORCE Growing Systems pivots to launch a $550 million AVAX treasury, leading to a 200% stock surge. Whales are also increasing exposure, with one earning $900,000 in profit in 9 hours.

The AVAX token rose over 10.8% in 24 hours to $34.45 after the treasury announcement. Despite corporate adoption, AVAX is still 76% below its all-time high. The Avalanche Foundation is in talks to raise a $1 billion crypto treasury to buy AVAX tokens at a discount, with Grayscale filing for an Avalanche ETF.

Read more at Cointelegraph: WLFI Advisor Bets $2.2M AVAX, 10x Leverage After $550M Avalanche Treasury