$AVAX ❌ Not in Portfolio

Price: $9.380 | 24h: +1.27%

AVAX at $9.38 is objectively cheap on a historical basis.

ATH was over $140. Current price is a 93% drawdown from peak.

$366K volume. Low activity for a top-15 coin.

The subnet narrative was strong. It lost momentum when execution lagged.

Amazon Web Services partnership was real the market just moved on.

Institutional interest is still there in enterprise blockchain circles.

But competing with SOL, ETH, and SUI for the same mindshare is a hard fight.

Not in the portfolio conviction isn't high enough to add another L1 position.

If AVAX rebuilds subnet momentum with real TVL growth, that changes.

For now, it's a watchlist name. Nothing more.

White Fang