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News Explorer — AVAX Price Flat Ahead of 9.3 Million Tokens Unlocking Over the Weekend

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May 26, 1:53 pm
Coindesk

AVAX Price Flat Ahead of 9.3 Million Tokens Unlocking Over the Weekend

On Sunday, 9.3 million AVAX tokens, the native crypto of the Avalanche blockchain, will be unlocked and distributed to key players in the ecosystem, increasing the total supply by 1.2%. These tokens, worth roughly $130 million, will go to the Avalanche Foundation, strategic partners, Ava Labs, and an airdrop.

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