AVNT (Avantis) fell 1.22% in the last 24 hours.

Gate News Bot news, on September 24, according to CoinMarketCap, as of the time of writing, AVNT (Avantis) is currently priced at $1.98, falling by 1.22% in the last 24 hours, with a high of $2.46 and a low of $0.91, and a 24-hour volume of $1.864 billion. The current market capitalization is approximately $511 million, a decrease of about $6.3038 million compared to yesterday.

AVNT recent important news:

1️⃣ AVNT price has experienced significant fluctuations AVNT has experienced significant price fluctuations in the past few days. On September 22, the price of AVNT surged by 65.37%, reaching a high of $2.58, with a 24-hour volume exceeding $6.7 billion. However, a pullback followed, and the price dropped to $1.98. This intense volatility reflects the market's heightened attention on AVNT and short-term speculative behavior.

2️⃣ Avantis announces a large-scale token incentive program Avantis plans to offer 40 million AVNT tokens as rewards in the third quarter, worth over 80 million dollars. 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 price and liquidity of AVNT.

3️⃣ Gate continues to support 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 the distribution of a total of 750,000 AVNT token rewards, which helps increase user engagement and the liquidity of AVNT, providing support for price fluctuations.

From a technical perspective, AVNT has experienced a pullback after a significant rise, and the current price is in a consolidation phase. The current price of $1.98 has declined from a 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, AVNT's long-term development prospects are worth paying attention to, but investors should remain vigilant about the potential high volatility risks in the short term.

This message is not intended as investment advice, and investors should be aware of market volatility risks.