AVNT (Avantis) has fallen 31.64% in the last 24 hours.

Gate News Bot news, on September 26, according to CoinMarketCap, as of the time of writing, AVNT (Avantis) is currently priced at $1.58, falling 31.64% within 24 hours, with a high of $2.66 and a low of $1.00. The 24-hour volume reached $1.303 billion. The current market capitalization is approximately $407 million, a decrease of $189 million from yesterday.

Avantis is the largest physical asset and crypto asset derivatives exchange on the Base network. AVNT is Avantis's native utility and governance token, used to drive protocol incentives, trader rewards, and community-driven development. The platform supports trading a variety of assets such as cryptocurrencies, forex, metals, commodities, and indices, directly from user wallets. The Avantis SDK allows developers to access real-time price feeds, execute fast trades, and manage positions.

AVNT recent important news:

1️⃣ AVNT price fluctuates wildly

AVNT has experienced significant price fluctuations over the past few days. On September 22, the price of AVNT rose by 65.37%, reaching a high of $2.58, with a 24-hour volume exceeding $6.7 billion. However, there was a subsequent sharp correction, with the price falling to $1.58, a 24-hour drop of 31.64%. This volatility reflects the market's high attention on AVNT and short-term speculative behavior, while also exposing its price instability.

2️⃣ Avantis announces a large-scale token incentive program

Avantis plans to provide 40 million AVNT tokens as rewards in the third quarter, worth over 80 million USD. These tokens will be distributed to XP holders over the next 5 months. The incentive program aims to enhance user engagement and platform activity, which may have a positive impact on the long-term value and liquidity of AVNT, but could exacerbate price volatility in the short term.

3️⃣ Gate continues to launch AVNT-related activities

Gate exchange has launched a series of AVNT-related activities, including HODLer airdrops, perpetual contract trading, and staking mining. Among them, staking GUSD or AVNT allows participation in an event to share a total reward of 750,000 AVNT tokens, which helps enhance user engagement and the liquidity of AVNT. These activities may support the trading volume of AVNT in the short term, but they may also lead to increased price volatility.

From a technical perspective, AVNT has experienced a significant pullback after a substantial rise in the previous period, and the current price is in a phase of oscillating decline. The current price of $1.58 has significantly retreated from the previous high of $2.58, indicating that market sentiment is becoming cautious. From a fundamental perspective, as the native token of the largest derivatives exchange on the Base network, AVNT's long-term development prospects are still worth attention, but investors should be wary of the potentially sustained high volatility risk in the short term.

This message is not an investment advice; investors should be aware of market volatility risks.