AVAX Slips, Adding Tension To $365 Million Avalanche Token Unlock Drama

The price of Avalanche’s AVAX token has dipped over 3% in the past week, bucking the bullish trend in the broader cryptocurrency market. This comes amidst a $365 million unlocking event that increased the token’s circulating supply by 2.6%. Experts suggest both short-term challenges and long-term opportunities for AVAX.Unlocking Event Triggers AVAX Price Dip
On February 15th, a significant unlocking event saw 9.5 million AVAX tokens, worth roughly $365 million, released from a vestin