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The layer-one network Avalanche (AVAX) has experienced a strong boost this week after BDACS, a South Korean crypto company, chose its blockchain to launch the first won-pegged stablecoin called KRW1.
Avalanche shared the news through his official X account and confirmed that the token will be fully backed by fiat held at Woori Bank. According to BDACS’ website, the initial circulating supply of this token will be 15,000,000 won (around $11,000).
Avalanche is powering a new chapter in Korea’s digital economy. 🔺🇰🇷
BDACS, together with Woori Bank, has launched KRW1, a fully collateralized, won-backed stablecoin. Currently in a pilot phase following a full PoC, KRW1 marks an important step toward regulated, bank-integrated… pic.twitter.com/fSsH4si5zP
— Avalanche🔺 (@avax) September 18, 2025
The product is still in the beta phase and not apt for commercial use yet. BDACS is a South Korean regulated custodian. Once this top stablecoin clears all regulatory and compliance requirements, it will be officially launched to facilitate the onboarding process of customers in this Asian country to the crypto space.
The native asset of the Avalanche network, $AVAX, has surged by 42.5% in the past 30 days ahead of the news. This is an important credibility boost to the project that further expands its use cases.
This stellar performance makes $AVAX the top-performing token in the top 20 during this period. Meanwhile, on-chain data shows that the Avalanche blockchain boasts a total value locked (TVL) of $2.2 billion, making it the 9th largest project by this metric in the crypto industry.
The launch of KRW1 could bring significant institutional inflows to this blockchain after the project is approved by authorities.
It could also motivate South Korean developers to launch dApps focused on this regional market.
Avalanche Eyes $52 After Bullish Breakout
Trading volumes in the past 24 hours have experienced a 163% jump as buying pressure has increased following the announcement.
The daily chart shows that $AVAX just broke above a key resistance at $26 and could now be eyeing the $52 level after a brief retest of this former supply zone from above. This means a 57% upside potential ahead for the token on the back of this wave of positive momentum.
The Relative Strength Index (RSI) has been rising strongly in the past month and just entered overbought territory. Hence, we could expect a pullback to the trend line support soon. However, the baseline prediction for AVAX will continue to be bullish, as a rising RSI means that momentum is strong.
The ideal entry for a long position would be the $27 threshold if the token drops to that area. At this level, $AVAX would offer a 100% upside potential if it bounces strongly afterward. The Federal Reserve’s decision to cut rates this week alongside the launch of KRW1 is setting the stage for the continuation of AVA’s latest rally.
Meanwhile, as altcoin season kicks off, the best crypto presales will likely deliver higher gains than well-established tokens like Avalanche. Pepenode ($PEPENODE) has emerged as one of the most likely candidates to 10X during this cycle as it plans to launch a viral mine-to-earn (M2E) game.
Pepenode Nears $1.3M Raised to Launch the First Meme-Powered Mining Game
Pepenode ($PEPENODE) takes the grind off crypto mining and turns it into a full-on meme-fueled game. Instead of burning GPUs, players can stack up virtual rigs and farm tokens straight from the Pepenode universe.
The game’s leaderboard isn’t just for bragging rights, as top miners get hit with surprise airdrops of viral meme coins like $BONK and $FARTCOIN from the project’s rewards stash.
Fueled by Pepe’s energy, Pepenode also brings insane staking rewards (currently 1,070%). Players can farm, stake, and flex their rigs while showing off their mining dominance to the squad.
Want more juice? Upgrade your digital facilities, add extra rigs, and push your mining setup into overdrive.
Since every rig runs on $PEPENODE, the demand for this token will keep climbing as new players pile in. That makes this presale the early entry ticket to Pepenode’s growing meme economy.
To grab $PEPENODE before launch, head to the official Pepenode website, link your wallet, and swap ETH, USDT—or just ape in with a card.
