The New York Stock Exchange just picked Avalanche to settle tokenized stocks. So why is AVAX still trading under $9?
Today NYSE confirmed Avalanche tech will power the clearing and settlement ledger for its planned 24/7 tokenized stock venue, after a year of testing. Schwab Crypto also listed AVAX the same day. The token jumped about 11%, briefly topped $9.01, and now sits near $8.58.
Here's what most people miss: NYSE is running its own permissioned chain built on Avalanche tech, not the public C-Chain. The headline is huge, but value capture for the token is not automatic. Nasdaq and DTCC are racing to build their own rails too.
Levels: $9.00 is the line to reclaim; $7.77, today's low, is the floor bulls must hold.
Is Wall Street adoption finally a real catalyst for AVAX, or just another "sell the news" moment?
Not financial advice.
#AVAX #Tokenization #RWA #Avalanche #NYSE $AVAX
Today NYSE confirmed Avalanche tech will power the clearing and settlement ledger for its planned 24/7 tokenized stock venue, after a year of testing. Schwab Crypto also listed AVAX the same day. The token jumped about 11%, briefly topped $9.01, and now sits near $8.58.
Here's what most people miss: NYSE is running its own permissioned chain built on Avalanche tech, not the public C-Chain. The headline is huge, but value capture for the token is not automatic. Nasdaq and DTCC are racing to build their own rails too.
Levels: $9.00 is the line to reclaim; $7.77, today's low, is the floor bulls must hold.
Is Wall Street adoption finally a real catalyst for AVAX, or just another "sell the news" moment?
Not financial advice.
#AVAX #Tokenization #RWA #Avalanche #NYSE $AVAX
