Who bought Avalanche?

I'm curious to know, who exactly were the buyers behind the recent surge in Avalanche's value? Were they institutional investors, retail traders, or a mix of both? Did they have any specific reasons for investing in Avalanche, or was it simply a matter of following the market trends? I'm also interested in knowing if there were any notable announcements or developments surrounding Avalanche that might have contributed to this increase in demand. Lastly, how do you think this recent buying activity will impact Avalanche's future prospects and the broader cryptocurrency market as a whole?