Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
Avalanche is set to unlock 9.54 million AVAX, which accounts for almost 3% of the total supply. The amount is worth approximately $103 million and will be distributed to strategic partners, foundations, teams, and airdrops. The current AVAX price is $10.81, with a trading volume of about $80 million over the past 24 hours. With this significant amount of tokens being released, it will be interesting to see how it impacts the cryptocurrency market and the value of AVAX in the coming days.
