Token

Lido DAO

Yield Guild Games

Avalanche

Time

<p><strong>The cryptocurrency market is no stranger to volatility, and token unlocks can significantly affect price fluctuations. As Avalanche (AVAX) gears up to release a staggering $100 million worth of tokens, holders are reminded of the last unlock event that saw the price plummet by over 30%. With other significant token unlocks also on the horizon, it’s a crucial time for investors to stay informed and vigilant.</strong></p> 
<h2 class="wp-block-heading" id="strong-avalanche-s-upcoming-token-unlock-what-you-need-to-know-strong"><strong>Avalanche’s Upcoming Token Unlock: What You Need to Know</strong></h2> 
<p>Avalanche, one of the prominent blockchain platforms, has announced its intention to unlock 9.54 million AVAX tokens. This move will introduce a potential selling pressure of $100 million. For holders and potential investors, this is a significant event to monitor, especially considering the historical impact of such unlocks on the AVAX price.</p> 
<p>In May, Avalanche underwent a similar token unlock, which profoundly affected its market dynamics. Following the release, the price of AVAX witnessed a sharp decline, dropping by over 30%. However, it’s worth noting that the cryptocurrency demonstrated resilience, bouncing back from the $10.44 support range. This recovery offers a glimmer of hope for current holders, suggesting that while initial reactions to token unlocks can be severe, the long-term outlook might still be positive.</p> 
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<h2 class="wp-block-heading" id="strong-other-notable-token-unlocks-this-week-strong"><strong>Other Notable Token Unlocks This Week</strong></h2> 
<p>Avalanche isn’t the only cryptocurrency undergoing significant token releases this week. Other notable unlocks include:</p> 
<p><strong>Space ID (ID):</strong> A rising star in the crypto space, Space ID is set to unlock many tokens, contributing to the overall market dynamics.</p> 
<p><strong>Yield Guild Games (YGG):</strong> As one of the pioneers in the play-to-earn gaming sector, YGG’s token release is keenly anticipated by many in the industry.</p> 
<p><strong>Lido DAO (LDO):</strong> Lido DAO, a decentralized finance (DeFi) platform, is also on the list of significant token unlocks this week.</p> 
<p>Collectively, these unlocks will introduce over $120 million into the market, potentially influencing price movements across the board.</p> 
<p>The current market status of Avalanche (AVAX) reveals a live price of $10.21 with a 24-hour trading volume of $84,296,357. The cryptocurrency has seen a 1.91% increase in the last 24 hours and holds a market cap of $3,608,802,393, ranking it 19th on CoinMarketCap. With a circulating supply of 353,443,525 AVAX coins and a max supply of 720,000,000 AVAX coins, investors should keep a close eye on this asset, especially in light of the upcoming token unlock.</p> 
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<p><em>Explore our <strong><a href="https://captainaltcoin.com/tag/news/" target="_blank" rel="noopener noreferrer nofollow">news section</a></strong> and stay ahead of the curve with our expert <strong><a href="https://captainaltcoin.com/predictions/" data-type="link" data-id="https://captainaltcoin.com/predictions/" target="_blank" rel="noopener noreferrer nofollow">price predictions</a>.</strong></em></p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/avalanche-unlock-returns-the-last-time-this-happened-avax-price-plunged-30/">Avalanche Unlock Returns: The Last Time This Happened, AVAX Price Plunged 30%</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Avalanche Unlock Returns: The Last Time This Happened, AVAX Price Plunged 30%

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