Significant token releases are scheduled for the upcoming week, with an anticipated $213 million worth of digital assets entering the market.
Avalanche (AVAX), a layer one blockchain, is the most extensive ecosystem to introduce tokens, including additional altcoins such as Pixels (PIXEL), Space ID (ID), 1Inch (1INCH), Galaxy (GAL), Acala Token (ACA), Forta (FORT), and Ethena (ENA) which are also anticipated to launch their coins.
These alternative cryptocurrencies may encounter heightened instability soon. AVAX will release 9.52 million AVAX tokens, which accounts for 2.41% of the total number of AVAX tokens in circulation.
The PIXEL tokens will grant access to 54.37 million units valued at $7.26 million, which represents 7.05% of the total supply of the altcoin. The ID tokens will grant access to $6.6 million, which represents 4.29% of the total ID tokens in circulation.
INCH will release $67.64K tokens, which account for a mere 0.2% of the overall circulating supply. The GAL tokens will grant access to $1.31 million, while the ENA tokens will unlock $4.46 million. ACA and FORT will release $239.79K and $5.85K tokens, which account for 0.46% and 0.01% of their respective circulating supplies, respectively.
