AVICI Jumps 1,700% as MoonPay Partnership Speculation Builds

AVICI, a Solana-based neobank token, experienced a massive surge in November, jumping from $0.35 to over $7, representing a gain of more than 1,700%. This rapid appreciation was largely fueled by intense investor speculation regarding a potential partnership with MoonPay, a major global payment infrastructure provider with over 30 million users. The token's market capitalization reached over $90 million, reflecting broader growth in the Web3 neobank sector, which saw record transaction volumes. A collaboration with MoonPay could significantly enhance AVICI's utility and reach, leveraging MoonPay's established payment solutions and institutional backing, such as its recent $200 million credit line from Galaxy. AVICI's growth mirrors the overall expansion of Web3 neobanks, which emphasize decentralization, self-custody, and DeFi integration, contrasting with traditional banking. The token, which recently raised $3.5 million, has shown organic adoption, processing 100,000 transactions through its card service in November, and analysts have set bold future price targets based on continued adoption.

(Source：BeInCrypto)