$AVAX It has risen about 46.9% over the past 30 days, suggesting that investors are starting to revalue some L1 and RWA assets. But judging by the price action over the past few days, A Jian believes this is no risk-free, straight-up rally. The price has moved beyond the narrative-driven launch phase and into a phase where it needs data to sustain the momentum. You could say Helicon’s upgrade has lit the fire; now we need to see whether real users, on-chain fees, the scale of RWA assets, and developer activity can keep it burning brighter. I’ll keep an eye on whether the area around $10 can turn from resistance into support. I’d rather miss out than be the last one buying at the peak of euphoria