Anthony Scaramucci-linked AVAX One tumbles 32% on uncertainty around shareholder sales

The firm, which holds AVAX tokens and related Avalanche ecosystem assets, registered roughly 74 million shares held by insiders. What to know : Shares of AVAX One, a digital asset treasury firm advised by Anthony Scaramucci, fell more than 30% after the company filed to register up to nearly 74 million shares held by insiders as available for sale. The registration, which enables early investors to resell previously restricted stock, stoked fears of dilution. AVAX One's move reflects broader pressures on crypto-native public firms whose stocks trade at steep discounts to the value of their token holdings, though it remains unclear if or when the registered shares will be sold.(Coindesk)