In May, Avalanche to unlock $168 million worth of AVAX tokens

The native token of the Avalanche blockchain, Avax, has been removed from K33’s ranking of the most promising tokens in the blockchain space.

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The decision to eliminate the token was made after reevaluating the projected inflationary pressure and ownership concentration in the aftermath of impending unlocks.

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Avax’s most recent unlock is slated for this month and will put into circulation tokens valued at $168 million at the market price.

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