Several crypto projects will release a combined $900 million worth of vested tokens this month, with Avalanche leading the way at 9.5 million AVAX tokens worth over $300 million.
Others set to release tokens include Aptos, SUI and Optimism, with analysts concerned that these releases could tank the prices of these projects amid dipping altcoin trading volumes.
February is a big month for the crypto industry, and one event that will define the sector is the release of over $900 million worth of vested tokens by some leading altcoin projects.
Avalanche leads the list; as Token Unlocks reveals, in just over 16 days, the project will release 9.54 million AVAX tokens, valued at $344 million. This is a significant amount of tokens for a project that has recorded an average of $400 million in trading volume in the past two days.
AVAX trades at $35.60 at press time, barely moving in the past week, where it set a high of $37 and a low of $32. At $13 billion, it’s the ninth-largest crypto, and

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