AVAX price rebounds 15% after Crypto Leaks sell-off but Avalanche could still bury bulls

2022.08.31 12:50

AVAX price rebounds 15% after Crypto Leaks sell-off but Avalanche could still bury bulls

Avalanche (AVAX) bulls snubbed the sensational claims made by a self-proclaimed whistleblower website that the project’s parent firm, Ava Labs, paid lawyers to damage its competitors’ reputation.

AVAX’s price established an intraday high of $19.75 on Aug. 30, two days after bottoming out locally at $17.50, amounting to a 15% rise. The token’s modest recovery followed selloffs incurred by a sensational CryptoLeaks report.

AVAX/USD four-hour price chart. Source: BrechTP

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