The price of the Avantis (AVNT) token has sharply risen in recent days, driven by several factors, including increased market share in the perpetual futures segment and active token accumulation by investors.
Reasons for Avantis Token Price Increase
The primary reason for the recent surge in AVNT price is Avantis’ continued market share gain in perpetual futures trading. According to DeFi Llama data, the Avantis platform has handled over $2.46 billion in volume this month, significantly exceeding the $4.6 billion processed in August.
Increased Demand for Base Blockchain Tokens
Another reason for the thriving AVNT price is the robust demand for tokens in the Base Blockchain ecosystem. For instance, the Aerodrome Finance token surged, bringing its market cap to over $1 billion. The integration of tokens into the recently upgraded Coinbase wallet may also drive Avantis' growth.
Investor Accumulation
There has been notable accumulation by investors, further contributing to the price growth of Avantis. Nansen data shows that 27 so-called 'smart money' investors purchased tokens worth $647,000 in the last week. The increasing interest from large investors has also been observed, raising their holdings to 162,755 tokens.
The price growth of the Avantis token is supported by favorable market conditions, increasing demand for its platform, and active accumulation by investors. These factors collectively create an optimistic environment for the token's future development.
