Avalanche price
Avalanche’s price fell by 6% to $15.28 following a scheduled token unlock that released 1.67 million $AVAX tokens valued at approximately $29.84 million. This event increased the circulating supply of $AVAX and appears to have exerted downward pressure on its market price. Furthermore, the broader correlation between cryptocurrency and traditional stock markets continues to impact investor sentiment. The release of new tokens during volatile market conditions has raised concerns among traders about potential price fluctuations. These factors combined suggest that both the token unlock and ongoing market volatility are influencing the current performance of Avalanche.
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