**News Flash: AVAX Token Surges Amid Major Avalanche Upgrade**

AVAX, the native token of the Avalanche blockchain, has jumped 3.45% in the past 24 hours, hitting an intraday high of $29.10. This surge is part of a broader 10% increase over the last week and a 12.5% rise over the past month.

Key drivers include:

- The upcoming Avalanche9000 upgrade, touted as the blockchain's largest since its 2020 mainnet debut.

- A $40 million grant program by the Avalanche Foundation to support developers.

- Increased network activity and a robust market structure.

Technical analysis shows AVAX trading above a crucial support zone, suggesting potential for further gains. Total value locked (TVL) on Avalanche has also risen to $1 billion, indicating growing user interest and interaction.