AVNT (Avantis) fell 31.48% in the last 24 hours.

Gate News Bot report, September 26, according to CoinMarketCap data, as of the time of writing, AVNT (Avantis) is currently priced at $1.58, with a 31.48% fall in the last 24 hours, reaching a high of $2.66 and a low of $1.00. The 24-hour volume has reached $1.303 billion. The current market capitalization is approximately $407 million, a decrease of about $187 million compared to yesterday.

Avantis is the largest derivatives exchange on the Base network for trading physical and crypto assets. AVNT is Avantis' native utility and governance token, used to support protocol incentives, trader rewards, and community-driven development. Users interacting with the Avantis platform (and partner protocols) will be eligible for the first-day airdrop.

AVNT recent important news:

1️⃣ AVNT price has experienced significant fluctuations 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, a major correction followed, and by September 26, the price had fallen to $1.58, a drop of 31.48%. This extreme volatility reflects the market's heightened attention towards AVNT and short-term speculative behavior.

2️⃣ Avantis announces a large-scale token incentive program Avantis plans to distribute 40 million AVNT tokens as rewards in the third quarter, worth over $80 million. These tokens will be allocated to XP holders over the next 5 months. The incentive program aims to enhance user engagement and platform activity, potentially having a positive impact on AVNT's price and liquidity.

3️⃣ Multiple platforms have added AVNT trading support The decentralized perpetual contract trading platform Grvt has added the AVNT trading pair, with a listing fee of -0.01%. In addition, Gate has launched a series of AVNT-related activities, including HODLer airdrops, perpetual contract trading, and staking mining. These measures will help improve the market liquidity and trading activity of AVNT.

From a technical perspective, AVNT has experienced a significant pullback after a substantial rise earlier, and is currently in a phase of oscillating downwards. The current price of $1.58 has dropped by 38.76% from the previous high of $2.58, indicating a cautious market sentiment. From a fundamental perspective, as the native token of the largest derivatives exchange on the Base network, the long-term development prospects of AVNT still require attention, but investors should be wary of the potentially ongoing high volatility risks in the short term.

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