Millions of AVAX tokens – the native crypto of the Avalanche blockchain – will be unlocked on Sunday and distributed to key players in that ecosystem, adding a major 1.2% increase in total supply. The 9.3 million tokens entering circulation on May 27 were worth roughly $130 million at press time. It has remained stable in the past 24 hours, standing at $14.20, CoinDesk data shows. “Token unlocks freak people out in general, but the upcoming Avalanche unlock has been mapped out for a while now and most sophisticated actors have adjusted for it,” said Lindsey Winder, CEO of token infrastructure firm Hedgey Finance.
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