Avalanche (AVAX) Set for New Unlocking. Pumped 150% Last Time Avalanche Network will unlock 9.54 million AVAX ($382 million) on February 22. Rather than sparking selling speculation, the event is being treated as a bullish trend following the outcome of the latest unlocking by the blockchain. The previous AVAX unlock in November 2023 saw the token increase at 150%. At the time, Avalanche posted a lower valuation ($213 million) than it planned to open on February 22. The month following the event saw the price rise from $20 to $48. A Repeat of the Last Campaign? Although the penultimate AVAX unlocking led to a significant price correction, the latest event in November will be a consolation for investors. The Tier 1 token peaked after unlocking, reaching an all-time high of $48 by Christmas. Notably, the network was not affected by any incidents, but increased blockchain activity eliminated the stereotyped pressure from token unlocking. A broader market uprising also facilitated the price increase, with Bitcoin rising from under $38,000 to $43,000. When the token was unlocked on August 26, Avalanche's native token dropped 18%, falling from over $12 to lows of $10 and $8.9. The price of AVAX did not recover until early November, when it traded above $12 again. Unlock Details Avalanche's team will receive 47% of the coin when unlocked. The team could sell 4.5 million AVAX worth $177 million. Avalanche's strategic partners will receive 2.25 million AVAX in this case. Additionally, the blockchain's foundation treasuries will receive 1.67 million AVAX, while the community will receive 1.13 million AVAX. At the time of writing, AVAX was trading at $40.53 with a market cap of $15 billion.
#AVAX We're hearing some FUD regarding the Avalanche Foundation's token unlock 📣. But fear not, we have facts that will put your mind at ease! 😌 🔍 Avalanche Foundation's practice is to re-stake the majority of tokens released after the end of the staking period. This means that tokens are not flooding the market and the circulating supply remains stable. 🌊 🔗 Proof: Check out the Avalanche Foundation's official statement here: avax.network/blog/avalanche… 👉 Next time you hear someone spreading FUD about the Avalanche Foundation's token lock, share this post and let them know the truth! 💪 Remember, we're all in this together $AVAX #AVAX/USDT #avalance