$AVAX — Ask whether its recent 29% surge in DEX volume signals a rebound or a temporary spike. The Avalanche DEX saw $4.1 billion in trade volume over the past month, a healthy uptick that could back a short‑term bounce. Yet the token has dropped 7.9% in the last 24 hours, with a wave of liquidations on Binance and other exchanges. My lean is cautious optimism: the volume boost is compelling, but the current sell pressure and liquidation risk temper expectations. Stay alert to how the next few days of volume and order‑book activity play out.