AVNT (Avantis) fell 25.40% in the last 24 hours

Gate News Bot news, September 10th, according to CoinMarketCap data, as of the time of writing, AVNT (Avantis) is currently priced at $0.22, with a 25.40% fall in the last 24 hours, reaching a high of $0.51 and a low of $0.18, with a 24-hour volume of $164 million. The current market capitalization is approximately $45.30 million, a decrease of about $15.425 million compared to yesterday.

Important news about AVNT recently:

1️⃣ Gate launches AVNT globally for the first time Avantis(AVNT) will be globally launched on Gate exchange on September 9, 2025, at 22:00 1928374656574839201 UTC+8, opening the AVNT/USDT trading pair. As the largest derivatives exchange on the Base platform, Avantis has received investment from well-known institutions such as Pantera and Founders Fund, completing two rounds of financing totaling $12 million.

2️⃣ Gate launches AVNT airdrop event Gate synchronously launches the 293rd HODLer Airdrop event, airdropping 125,000 AVNT tokens to users holding GT. This portion of tokens comes from the 12.5% airdrop share of the total AVNT supply of 1 billion and will be fully unlocked at TGE.

3️⃣ AVNT Contract and Multiple Functions Go Live Gate will launch AVNT perpetual contract trading on September 9, 2025, from 20:10 to 22:10 UTC+8, supporting USDT settlement and 1-20x leverage. At the same time, it will open unified account lending, isolated margin trading, Yubibao wealth management, collateralized lending, and other functions, and will support flash exchange and regular investment functions one hour after the spot trading goes live.

After AVNT was listed, the price experienced significant fluctuations, falling by 25.40% within 24 hours. This may be related to speculative trading following its initial listing, as well as profit-taking by some early investors and airdrop recipients. However, Gate fully supports all trading functions of AVNT and is expected to provide liquidity support.

This message is not intended as investment advice, and investors should be aware of market volatility risks.