Avalanche Blockchain to Unlock Millions of AVAX Tokens for Distribution on Sunday

On Sunday, 9.3 million AVAX tokens will be unlocked and distributed to key players in the Avalanche blockchain ecosystem, increasing the total supply by 1.2%. The tokens are worth approximately $130 million and will go to the Avalanche Foundation, strategic partners, Ava Labs, and an airdrop. The Foundation has discretion over when and how to use the tokens. Despite concerns about token unlocks, the upcoming Avalanche unlock has been planned for some time and most sophisticated actors have adjusted for it.

Avalanche $36.00

-8.06%

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