AVAX, the native token of the Avalanche network, has gained close to 2% in the last 24 hours, less than 36 hours before the $136 million token launch.
According to Token Unlocks data, on May 27 Avalanche in your network 136 million worth a dollar 9.3 million locked AVAX will be free. Your total supply 1.2% free while it will remain tokens to be unlocked Avalanche important in the ecosystem will be distributed to the players.
Avalanche Head of Communications Patrick Sutton released tokens To the Avalanche Foundation, Ava Labs, strategic partners He said he was going to airdrop. Released tokens not immediately available expressing Sutton, nevertheless, tokens to use belongs and Where and when to be used they will decide expressed.
How about AVAX?
On the other hand, token unlocks usually the decline Although known to cause AVAX to unlock from 36 hours although for a short time to maintain stability continued.
Token infrastructure company Lindsey Winder, CEO of Hedgey Finance, token expansions in general make people crazy however Avalanche expansion of it was planned And in the industry -most of sophisticated actors He said he was adapting to it.
This is done to the explanations and AVAX not depreciated today Considering that the key opening is a large bring volatility not expected.
According to Coinecko data, the latest 30 days in 20.6% depreciating AVAX, end 24 hours in 1.7% rise by living writing $14.28 traded at the level.