{"id":157178,"date":"2023-11-21T13:13:14","date_gmt":"2023-11-21T13:13:14","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=157178"},"modified":"2023-11-21T13:13:16","modified_gmt":"2023-11-21T13:13:16","slug":"nearly-10m-avalanche-tokens-will-be-unlocked-in-just-two-days-what-will-happen-to-the-price-of-avax","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/nearly-10m-avalanche-tokens-will-be-unlocked-in-just-two-days-what-will-happen-to-the-price-of-avax\/","title":{"rendered":"Nearly 10M Avalanche tokens will be unlocked in just two days. What will happen to the price of AVAX?"},"content":{"rendered":"<p style=\"text-align: justify\">As the November 24 date approaches, <a href=\"https:\/\/crypto-economy.com\/avalanche-network\/\" target=\"_blank\" rel=\"noopener\">Avalanche (AVAX)<\/a> investors<strong> are cautiously anticipating an upcoming unlock of nearly 10 million tokens<\/strong> that could have a significant impact on the market.<\/p>\n<p style=\"text-align: justify\"><!--more--><\/p>\n<p style=\"text-align: justify\">The scheduled <a href=\"https:\/\/token.unlocks.app\/avalanche-2\" target=\"_blank\" rel=\"noopener\">event<\/a> will release 9.54 million AVAX, <strong>representing approximately 2.68% of the circulating supply<\/strong>. This move will be of great importance as <strong>these tokens will be distributed among several key beneficiaries of the Avalanche <a href=\"https:\/\/crypto-economy.com\/blockchain-technology\/\" target=\"_blank\" rel=\"noopener\">blockchain<\/a>.<\/strong><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">$212M <a href=\"https:\/\/twitter.com\/search?q=%24AVAX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$AVAX<\/a> Unlocks in Only 3 Days! \ud83d\udd25<\/p>\n<p>Save the Date: 24 Nov<br \/>Unlocking 9.54M <a href=\"https:\/\/twitter.com\/search?q=%24AVAX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$AVAX<\/a> &#8211; that&#39;s a massive 2.68% of Cir. supply.<\/p>\n<p>Who benefits? Here&#39;s the lineup:<br \/>1. Strategic Partners<br \/>2. Foundation<br \/>3. Team \ud83c\udf1f<br \/>4. Airdrop<\/p>\n<p>Stay ahead with real-time updates and expert insights.<br \/>For\u2026 <a href=\"https:\/\/t.co\/veBjfaHH5t\" target=\"_blank\">pic.twitter.com\/veBjfaHH5t<\/a><\/p>\n<p>&mdash; Token Unlocks (@Token_Unlocks) <a href=\"https:\/\/twitter.com\/Token_Unlocks\/status\/1726505242693693640?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">November 20, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\">Recipients of these unlocked tokens<strong> include strategic partners, the foundation, the core team, and a possible airdrop.<\/strong><\/p>\n<p style=\"text-align: justify\">Strategic partners, who maintain important business relationships with Avalanche, <strong>could receive a portion of these tokens as part<\/strong> of previously established agreements.<\/p>\n<h2>AVALANCHE WILL ALSO BENEFIT FROM UNLOCKING TO SUPPORT FUTURE ACTIVITIES AND DEVELOPMENTS<\/h2>\n<p style=\"text-align: justify\">Additionally, the core team behind Avalanche <strong>could receive an allocation of these tokens<\/strong>, which could have implications for their involvement <strong>in the project and potentially their strategic decisions going forward.<\/strong><\/p>\n<p style=\"text-align: justify\"><strong>The possibility of an airdrop<\/strong> is mentioned, where a portion of the unlocked tokens <strong>could be distributed for free to existing AVAX holders<\/strong> or even the community at large as part of a<strong> promotional strategy.<\/strong><\/p>\n<p style=\"text-align: justify\">Market analysts and experts warn about <strong>the importance of staying aware of real-time updates<\/strong> and obtaining information from specialized sources to better understand <strong>the possible impact of this token unlock<\/strong> on the Avalanche market.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-157182 aligncenter\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/11\/Nearly-10M-Avalanche-tokens-will-be-unlocked-in-just-two-days.-What-will-happen-to-the-price-of-AVAX.jpg\" alt=\"Nearly 10M Avalanche tokens will be unlocked in just two days. What will happen to the price of AVAX?\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/11\/Nearly-10M-Avalanche-tokens-will-be-unlocked-in-just-two-days.-What-will-happen-to-the-price-of-AVAX.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/11\/Nearly-10M-Avalanche-tokens-will-be-unlocked-in-just-two-days.-What-will-happen-to-the-price-of-AVAX-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/11\/Nearly-10M-Avalanche-tokens-will-be-unlocked-in-just-two-days.-What-will-happen-to-the-price-of-AVAX-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<p style=\"text-align: justify\">Historically, releases of similar tokens <strong>have been linked to decreases in price <\/strong>due to an increase in supply and a reduction in demand.<\/p>\n<p style=\"text-align: justify\">The Avalanche cryptocurrency (AVAX) is currently trading around $21.65, registering <strong>an increase of almost 30% in the last 7 days<\/strong>, according to data from <a href=\"https:\/\/coinmarketcap.com\/currencies\/avalanche\/\" target=\"_blank\" rel=\"noopener\">CoinMarketCap<\/a>.<\/p>\n<p style=\"text-align: justify\">With a market capitalization of $7 billion,<strong> it is currently ranked #14 i<\/strong>n the crypto ecosystem ranking.<\/p>\n<p style=\"text-align: justify\">Although <strong>positive aspects have been observed,<\/strong> such as high development activity and an increase in daily transactions on the Avalanche network, <strong>investors remain cautious<\/strong> about the imminent release of tokens and its possible implications on its price.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the November 24 date approaches, Avalanche (AVAX) investors are cautiously anticipating an upcoming unlock of nearly 10 million tokens that could have a significant impact on the market.<\/p>\n","protected":false},"author":33,"featured_media":157183,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[118,70,74],"tags":[5511,5001],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/157178"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=157178"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/157178\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/157183"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=157178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=157178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=157178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}