- WLFI adviser Ogle placed a $2.2 million 10x long bet on AVAX after AgriFORCE’s Avalanche treasury shift.
- AVAX hit a 24-hour high of $35.91 as traders reacted to AgriFORCE’s rebrand and Ogle’s leveraged position.
- AgriFORCE plans a $550 million AVAX treasury and aims to become the first Avalanche firm listed on Nasdaq.
World Liberty Financial (WLFI) adviser Ogle has opened a significant leveraged position on Avalanche’s AVAX token. The $2.2 million long position was placed with 10x leverage. This trade comes just hours after AgriFORCE Growing Systems announced its shift to become a full-scale Avalanche treasury firm.
The leveraged position was entered at $33.88, according to blockchain data. It will be liquidated if the token drops below $15.50. Ogle’s move marks one of the most notable individual bets on AVAX in recent weeks.
This aggressive positioning followed AgriFORCE’s announcement to rebrand as AVAX One. The Nasdaq-listed firm plans to build a $550 million AVAX treasury. It also intends to eventually accumulate up to $700 million in tokens.
AVAX Price Surges on Institutional News
The twin developments triggered a sharp rise in AVAX price . In 24 hours, AVAX increased by more than 10%. It peaked at an intraday high of $35.91 and then retreated slightly. The price increase aligns with growing market confidence in AVAX’s long-term value.
Spot trading volumes crossed $2.6 billion within the same period. This was 198% higher than the previous day. The sudden increase in price and volume shows a surge of demand by the retail and institutional traders.
Ogle’s position reflects a broader sentiment shift toward Avalanche. His timing suggests a strong conviction that AVAX will continue to gain in value over the near term.
AgriFORCE’s Strategy Triggers Market Response
AgriFORCE’s pivot is being closely watched across financial and crypto markets. The company’s stock soared by over 200% following the announcement. The move to rebrand as AVAX One signals its complete shift from agricultural technology.
The firm’s new focus includes a $550 million AVAX treasury strategy. This makes it the first publicly traded Avalanche-focused entity on Nasdaq. The board includes industry names like Anthony Scaramucci and Brett Tejpaul, adding further credibility.
Earlier this month, Bitwise filed for an Avalanche ETF with the SEC, offering direct AVAX exposure as institutional interest in crypto grows. Institutional interest is growing. Over 50 investors, including Galaxy Digital and Kraken, are reportedly exploring AVAX allocations through this structure.
Leverage and Momentum Drive Volatility
Market data shows rising open interest and leveraged exposure. The second major whale position, worth $17.2 million at 5x leverage, has also gained. Within hours, it recorded close to $1 million in unrealized profits.
These large bets have amplified short-term volatility. Analysts note that technical indicators show overbought signals. However, major moving averages continue to trend upward. Momentum remains with buyers, even as resistance near $36 becomes a key level to watch.
