Avantis exchange token AVNT falls as investors take profits
On September 9, the token AVNT of the new crypto exchange Avantis — the largest DEX by trading volume built on Base — fell 12% as retail investors rushed to lock in profits.
DEX Avantis was founded by Harsehaj Singh and Raymond Dong, veterans of Pantera Capital, Lazard, McKinsey, and Bow Capital, with backing from Pantera, Coinbase, Founders Fund, and Galaxy Digital.
The exchange enables users to trade cryptocurrencies and real-world assets (RWA), including currencies, commodities, indices, and stocks. Avantis is also known for launching zero-fee perpetual options (ZFP), where traders only pay fees when profitable.
What can AVNT do?
AVNT tokens provide governance rights on the DEX, staking rewards, trading discounts, and other benefits. However, on its first day of trading on Binance, Bybit, MEXC, and other exchanges, AVNT failed to hold early gains and was down about 10% from its listing price, trading around $0.27.
Price dynamics of AVNT. Source: CoinMarketCap
The decline was attributed to the recent distribution of 125,000 AVNT on Gate.io, Wallchain’s reward program, and investors’ desire to secure short-term profits.
Developers, however, appear unfazed and are preparing new products to attract even more users.
As we wrote, WLFI listing: Trump token hype and risk factors
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
