AVAX One’s $40M buyback and 2.4M-share repurchase reshape outlook for AVAX rally prospects

AVAX One recently completed a repurchase of 2.4 million shares under its $40 million buyback program, a move its CEO framed as disciplined capital allocation and a sign of long-term confidence. At the same time, derivatives data show AVAX Open Interest edging higher and large holders accumulating on spot and futures markets, while buyers gain the upper hand in futures order flow. Despite this, the token remains below its EMA and key resistance near the $10 level, leaving the technical picture cautiously bullish but not yet confirmed.