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Avalanche (AVAX) Set for Token Unlock: Will Prices Hold Steady?

  • Avalanche (AVAX) is set to unlock 1.67 million AVAX tokens today as part of its quarterly release to stabilize and strengthen the ecosystem.
  • An analyst predicts that AVAX could reach $130 soon by imitating a previous price move in 2023.
  • The token release aims to reduce disruption in the market and increase liquidity within the Avalanche ecosystem.
  • A strategic partnership between Avalanche and Oumla will create Saudi Arabia's first Layer One blockchain, supporting startups and driving innovation.

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