Avalanche will unlock the 9.54 million tokens on August 26.
53% of AVAX’s total supply has already been unlocked.
Avalanche (AVAX), a smart contract blockchain platform, is all set to make a significant move in the crypto market. The Avalanche blockchain’s native token, AVAX, is scheduled for its next token unlock this week, which will increase the supply of tokens available in the market.
Token Unlocks, the token analytics dashboard, has revealed that Avalanche will unlock the 9.54 million tokens on August 26 this week. The unlock accounts for 2.77% of the total supply, and the tokens are worth $103 million at the time of writing. The unlock includes 2.25 million AVAX tokens for strategic partners, 1.67 million for foundations, 4.5 million for teams, and 1.13 million for airdrops.
Token Unlocks refer to the release of a certain amount of assets that previously locked or restricted from the circulating supply in the crypto market. During this time, the tokens will not able to tra
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