Amidst price challenges, Avalanche readies for a significant unlock event. Despite recent declines, the unlock introduces intrigue and potential impact.
Nevertheless, the visual representation illustrated a nearly $1 billion decline in market capitalization for AVAX during August alone. As of this writing, the token had experienced an almost 2% decrease in value.This decline could be attributed to the continuous drop in price that Avalanche has encountered over the preceding weeks.revealed that the decline in its price was initiated in July, although the most substantial drop occurred during August.
While the impending unlock event might raise concerns given Avalanche’s current trajectory, its impact should not be significantly pronounced. However, if any effects are to manifest, they are unlikely to be immediate.
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