AVAX Price Volatility Looms as $240M Token Unlock Approaches

AVAX price consolidates in a dangerous zone, just seven days from its final network token unlock. The Avalanche team will release a total of $240 million worth of tokens to the open market, with the majority going to the team and strategic investors, key among them Three Arrows Capital. The event, which will take place on August 20, is anticipated to create price volatility, but AVAX bulls think the asset will hold on just fine.