Avalanche's AVAX token price has plummeted by 91% from its historical high of $158 set in 2022, currently with a market capitalization of only $5.3 billion, and has recently dropped by 4.2%. AVAX once ranked among the top 15 in the cryptocurrency market, but has now fallen to 32nd place. The community hopes for a recent agreement with the U.S. Securities and Exchange Commission (SEC) to gain regulatory support and help with its recovery.