Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Last night, the US stock market delivered a disappointing performance. The Nasdaq dropped 2.15% in a single day, and the blockchain sector was hit hard—some compliant trading platforms plunged 7%, and Circle fell 4%. This wave of tech stock sell-offs has directly tightened the nerves of the crypto market.



However, AVAX took a big move: the board just approved a $40 million share repurchase plan. The CEO directly stated that the current stock price is severely undervalued. This move is obviously aimed at stabilizing the market and also serves as a signal to investors.

The current situation is quite delicate. On one side, panic emotions are spreading in the US stock market; on the other side, AVAX is demonstrating confidence with real money. Traditional capital is beginning to reassess the valuation logic of crypto assets, and the market is standing at a critical juncture—should it continue to follow the US stocks’ rhythm, or rely on fundamentals to sustain an independent trend?

Will AVAX’s buyback drive the ecosystem tokens to rebound? How long will this US stock adjustment last? Share your thoughts on this situation in the comments.
AVAX-5.17%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
MevWhisperervip
· 4h ago
The buyback to support the market feels a bit like a final struggle; it's hard to say how long it can last. What reason does AVAX have to say it's undervalued? Its fundamentals aren't that strong. The Nasdaq's decline isn't over yet; don't rush to buy the dip. The CEO says it's undervalued, but I trust the chart more. Circle has already fallen; can the ecosystem rebound? I don't quite buy that logic. This wave of US stock adjustments has just begun, and crypto following suit has become the norm. A $40 million buyback just to turn things around? The market isn't that naive. Let's wait and see; those entering now are just the bagholders.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)