Tomorrow, $AVAX tokens are set to unlock—$14 million sounds scary, but after crunching the numbers, even the whales can breathe easier.
On November 8, Avalanche will unlock 1.67 million AVAX, worth about $14 million. That’s only around 0.38% of the circulating supply. These are foundation tokens from the genesis allocation, being released according to a set schedule that’s been on the calendar for a long time. AVAX is currently around $8.30, slightly up over 24 hours but down about 24.8% over the past 30 days, with a market cap of roughly $3.7 billion.
Here’s the key calculation: AVAX’s daily trading volume is about $160 million, so the unlock is less than a tenth of that. Whether an unlock is alarming has never been about the absolute number—it’s about its share of supply and whether the market can absorb it.
The takeaway: At 0.38%, with a set schedule and the market already expecting it, the calendar alone isn’t a reason to treat this as a sell-off signal. What really matters is what happens after the unlock: whether the foundation moves those tokens and whether any are sent to exchanges. AVAX has fallen nearly a quarter over the past month, mainly because the broader market is down—not because of these 1.67 million tokens. 📅
On November 8, Avalanche will unlock 1.67 million AVAX, worth about $14 million. That’s only around 0.38% of the circulating supply. These are foundation tokens from the genesis allocation, being released according to a set schedule that’s been on the calendar for a long time. AVAX is currently around $8.30, slightly up over 24 hours but down about 24.8% over the past 30 days, with a market cap of roughly $3.7 billion.
Here’s the key calculation: AVAX’s daily trading volume is about $160 million, so the unlock is less than a tenth of that. Whether an unlock is alarming has never been about the absolute number—it’s about its share of supply and whether the market can absorb it.
The takeaway: At 0.38%, with a set schedule and the market already expecting it, the calendar alone isn’t a reason to treat this as a sell-off signal. What really matters is what happens after the unlock: whether the foundation moves those tokens and whether any are sent to exchanges. AVAX has fallen nearly a quarter over the past month, mainly because the broader market is down—not because of these 1.67 million tokens. 📅
