AVAX Price Could Drop To $8.75 Support Despite New Developments

• Daniele Sestagalli announced the initiation of WAGMI phase 2 on Monday.
• The price of ICE surged by more than 89% over the past 24 hours alone.
• AVAX’s price was at risk of dropping to the crucial support level at $8.75.

The DeFi products suite, WAGMI, shared in an X post on Monday that they have initiated the roll out of WAGMI phase 2. This new introduction of WAGMI, which is a commonly used acronym for “we are gonna make it,” appears to be a rebranding of Avalanche (AVAX) developer Daniele Sestagalli’s Popsicle Finance.

We’re happy to announce that WAGMI Phase 2 rolls out today!

After a long wait, we’re pleased to share that you can now swap your $ICE and $NICE tokens for $WAGMI on our migration page.

Head over to: https://t.co/97XLc7MyUP and choose the chain where you have your $ICE or $NICE… pic.twitter.com/ye3C4wmbe1

— WAGMI (@PopsicleFinance) September 18, 2023

WAGMI phase 2 revolves around Popsicle’s ICE tokens. Starting from today, ICE token holders now have the option to exchange their tokens for WAGMI using a blockchain-powered tool. This announcement had an impressive impact on the price of ICE as it surged by more than 89% in just …

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