Posted:
- About 3 million AVAX tokens have been pushed into circulation in December.
- AVAX has recorded beneficial properties of 72% for the reason that begin of the month.
Token unlocks have turn out to be a supply of great curiosity within the crypto business. Because of the truth that they add inflationary stress and act as bearish catalysts for the asset, specialists and merchants actively monitor these occasions.
Is AVAX dealing with inflationary stress?
As per AMBCrypto’s examination of Token Unlocks dashboard, about 3 million Avalanche [AVAX] tokens have been pushed into circulation in December as of this writing. At a prevailing market worth of $38.52, this equated to about $115 million.
Practically all of the tokens have been distributed as a part of the staking rewards.

Supply: Token Unlocks
Nevertheless, when AMBCrypto examined AVAX’s worth conduct over the past 24 hours, it discovered no proof of downward stress.
Quite the opposite, the ninth-largest crypto available in the market was buying and selling at 7% increased than what it did throughout the identical time a day earlier than, as per CoinMarketCap.
The inconsequential influence of the token inflow could possibly be as a result of comparatively small quantity. The launched tokens accounted for simply 0.82% of AVAX’s whole circulating provide, too little to materially influence market dynamics.
Even the final cliff unlock of 9.54 million on 24 November failed to drag AVAX down, as seen from the graph beneath.
The subsequent cliff unlock is due on the twenty second of February 2024, which might once more see the unfreezing of 9.54 million tokens. It might be attention-grabbing to look at whether or not AVAX exhibits comparable resilience or witnesses a dip.
For the uninitiated, cliff unlocks consult with tokens that will unlock on a predefined date and schedule.

Supply: CoinMarketCap
AVAX moved forward unhurt
AVAX has been one of many high performers in December, yielding practically 72% returns on a month-to-date (MTD) foundation. The asset sustained its momentum amidst a pointy correction within the broader market.
How a lot are 1,10,100 AVAXs value right now?
The newly-found vigor boosted AVAX’s prospects within the derivatives market. Open Curiosity (OI) in AVAX futures soared to an all-time excessive (ATH) of $370 million over the previous week, AMBCrypto noticed utilizing Coinglass’ knowledge.

Supply: Coinglass
Furthermore, bullish bets for the asset elevated as the value moved north. Likewise, the variety of merchants holding lengthy positions surpassed these gunning for worth declines.

Supply: Coinglass