Avantis price has jumped in the past few days, making it one of the best-performing tokens in the crypto industry. The AVNT price jumped to a record high of $1.46 earlier this week, bringing its market capitalization to over $270 million.
This article highlights some of the top reasons why the token has jumped in the past few weeks.
Why Avantis Price Jumped
Avantis, a top player in the Base Blockchain, has been one of the top trending tokens this week as it jumped to a record high.
The rally, which was in line with our AVNT price prediction, happened as whales and smart money investors continued to accumulate the coin. Data shows that whales have boosted their AVNT holdings to over 1.04 million tokens. Similarly, smart money investors have acquired over 300k tokens.
Second, the Avantis price jumped after the network continued to gain market share in the perpetual futures industry. Data shows that the network handled over $182 million in volume last week, the highest level on record. The previous weekly record was in July, when it processed tokens worth over $1.58 billion
Avantis has handled over $2.87 billion this month, and it may cross last month’s high of $4.6 billion. This growth has led to a big increase in its network fees. It made $1.2 million last month and has already made $665 million this month.
Third, Avantis’ price has jumped after a series of exchange listings in the past few days. In addition to being listed by Coinbase last month, the token has also been listed by other exchanges like Upbit and Bybit.
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These listings have helped it to boost its volume, which stood at over $1.14 billion in the last 24 hours. Most of this volume was in Upbit, which handled tokens worth over $314 million.
Further, AVNT price jumped as Coinbase teased an upcoming Base token launch. Base, its layer-2 network, may launch its token either this year or in 2026, a move that would see some of the most active networks in the ecosystem, like Avantis, receive some of the allocations. This also explains why top tokens in the ecosystem, such as Zora and Aerodrome Finance, have jumped.
What Next for the AVNT Price
AVNT price chart | Source: TradingView
The 30-minute chart shows that the Avantis crypto price surged recently and reached a record high of $1.6032. It has now pulled back and retested the important support level at $1.
A look at this chart shows that the token has formed a descending channel, which is part of the formation of a bullish flag pattern. It is common for a token to pull back after hitting a record high.
Therefore, the most likely scenario is where it stages a strong comeback and retests this week’s high $1.60. A move above that level will point to more gains, potentially to the resistance at $2.
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