Avalanche Plummets 27%, Wipes Out $222 Million, Yet Bulls Eye $30 Target

Avalanche (AVAX) experienced a significant price drop of 27%, leading to the liquidation of approximately $222 million in assets. This sharp decline caught many investors off guard, particularly those who had positioned themselves for a potential upward movement. Despite the recent volatility, some market observers believe AVAX could still reach the $30 mark.