Avalanche (AVAX), which is trying to stay permanently above $ 40, will perform a $ 380 million token lock opening on February 22.
Bitcoin (BTC), the leader of cryptocurrencies, created a positive outlook in the market by being priced above 52 thousand dollars. The loss of decline expectations in the cryptocurrency market has revealed the buying appetite. Many altcoins have achieved significant increases with the increase in money inflows.
Popular cryptocurrency Avalanche (AVAX) has increased by 25 percent since the beginning of February, reaching $ 40. Avalanche, dominated by upward expectations, will face an important turning point on February 22.
Avalanche (AVAX) unlocking is at the door
According to data from TokenUnlocks, 9.54 million AVAX ($380 million) will be unlocked on Avalanche. Shares will also be distributed to the team and the foundation in the unlocking that will take place on February 22.
According to TokenUnlocks data, the 9.54 million AVAX to be unlocked will be distributed in 4 different ways. After the unlock, 2.25 million AVAX ($89.55 million) will be transferred to strategic partners. The other three distributions are as follows: 1.67 million AVAX ($66.34 million) will be transferred to the foundation, 4.5 million AVAX ($179.1 million) will be transferred to the team, and 1.13 million AVAX ($44.78 million) will be reserved for airdrops.
The unlock, which will take place on February 22, corresponds to 2.6 percent of the AVAX circulating supply. For this reason, it is stated that there may be volatility in the AVAX price, albeit for a short time.
According to Tokenunlocks, 42.07 percent of the total AVAX supply is locked. These AVAXs will fully enter circulation on October 20, 2030.
