World Liberty Financial Advisor Ogle Opened $2.2M Long on AVAX After News of AgriFORCE’s $550M Corporate Treasure. AVAX Up 10%.

WLFI Advisor Takes $2.2M Long on AVAX After AgriFORCE’s Corporate Treasure

Popular crypto analyst and advisor to World Liberty Financial (WLFI) Ogle has taken a big bet on Avalanche (AVAX). He opened a $2.2M long position with 10x leverage upon entry at $33.88. The position will be liquidated if the price falls below $15.50, according to Lookonchain.

The bet came right after news that AgriFORCE Growing Systems announced a strategic turnaround and the launch of a $550M corporate treasure on AVAX. The company is planning a full rebrand as AVAX One and intends to raise $700 million in AVAX tokens. Its shares have risen more than 200% since the opening of trading on Monday.

AVAX One’s advisory board will include prominent investors Anthony Scaramucci (SkyBridge Capital) and Brett Taypole (Coinbase Institutional).

WLFI advisors are not the only ones betting on AVAX: a big player with the wallet 0xb2ca opened a 5x leverage long of $17.2 million and has already received over $900,000 in unrealized profit in less than 9 hours.

Corporate adoption of AVAX

After the latest news, the price of AVAX has increased by more than 10.8% in a day and is trading at $34.45. At the same time, the token is still 76% below its all-time high of $146, reached on November 21, 2021.

The Avalanche Foundation is also in talks to create a $1 billion treasury fund to buy back AVAX at a discount. The first phase involves a $500 million private round with Hivemind Capital.

Additionally, Grayscale filed an updated S-1 with the SEC to launch a spot ETF on Avalanche, further fueling institutional interest in the network.