🔓🔥Critical threshold for Avalanche (AVAX): The big unlock is approaching!
#avalanche (#AVAX ), which is trying to become permanent over $ 40, will open a $ 380 million token lock on February 22.
Bitcoin (BTC), the leader of cryptocurrencies, created a positive outlook on the market by pricing over 52 thousand dollars. The disappearance of the expectation of a decline in the cryptocurrency market has revealed the appetite for buying. Many altcoins have achieved significant increases with the increase in money inflows.
The popular cryptocurrency Avalanche (AVAX) has reached $ 40, achieving a 25 percent rise since the beginning of February. Dominated by bullish expectations, Avalanche will face an important bend on February 22.
Avalanche (AVAX) opens the lock on the door
According to data from TOKENUNLOCKS, 9.54 million AVAX ($ 380 million) will be unlocked on Avalanche. Shares will also be distributed to the team and the foundation at the lock opening, which will take place on February 22.
According to TokenUnlocks data, the 9.54 million AVAX that will be unlocked will be distributed in 4 different ways. After the opening of the lock, AVAX 2.25 million ($ 89.55 million) will be transferred to strategic partners. The other three distributions are as follows; AVAX 1.67 million ($ 66.34 million) will be transferred to the Foundation, AVAX 4.5 million ($ 179.1 million) will be transferred to the team and AVAX 1.13 million ($ 44.78 million) will be allocated for airdrops.
The lock opening, which will take place on February 22, corresponds to 2.6 percent of the AVAX roaming supply. For this reason, it is stated that there may be short-term volatility in the AVAX price.
According to Tokenunlocks, 42.07 percent of the total AVAX supply is locked. These AVAXS will be fully launched into circulation on October 20, 2030.
