How many hits could Avalanche [AVAX] take from this recent development?

Grayscale announces the sales of its AVAX holdings in an attempt to rebalance its portfolio. AVAX holdings by Grayscale are less than 1%. On 6 January, Grayscale Digital divested its stakes in Avalanche [AVAX]. According to the company’s announcement on Twitter, the token attempted to consolidate on its slight uptrend. This was followed by disappointing