Avalanche will issue 9.5 million tokens that could start a new rise

Projects included in this Token Offering include Avalanche (AVAX), Aptos (APT), The Sandbox (SAND), Optimism (OP), and SUI. Avalanche strategically targets strategic partners, team members, and Airdrops to achieve a balance between long-term commitments and potential short-term sales.
Avalanche is scheduled to launch on February 22 and is expected to issue 9.5 million Tokens worth around $320 million. Similarly, Aptos is set to issue 24.8 million Tokens worth around $233 million on Feb. 11. Aptos' issuance strategy is designed to ensure market stability while encouraging community participation.
These established Tokens are about to be released and are putting the crypto community on high alert. Investors and analysts are closely watching developments with excitement and caution. While there is a lot of anticipation for the Token Launch, there is also a sense of caution among market participants who are assessing how the increase in supply could affect project valuations and overall stability.
Avalanche (AVAX) has recently caught the market's attention with an impressive price performance, rising 470% after breaking above the Bear Market downtrend line on Nov. 1. Recent analysis shows that AVAX is currently facing resistance from the trendline descending from the December highs, which could lead to price rejections and subsequent declines.
If this correction marks the start of a prolonged Bull Market phase on Avalanche, the support level around $20 (consistent with the 0.5 to 0.618 Fibonacci retracement level) could come into play. After this corrective phase, AVAX may start a new uptrend, surpassing the all-time highs.
Meanwhile, AVAX has grown exponentially over the past year and is now the sixth-largest Decentralized Finance chain, according to data. Artificial intelligence (AI)-based price prediction models predict that the AVAX Token price will rise by more than 500% from current levels and rise to over $200 by early 2025.
It is important to note that AVAX's previous token lock on Nov. 23 did not cause significant price fluctuations. However, according to pre-unlock expectations, the token price fell by 16% from around $23 on November 20 to $19 at launch.
This historical precedent highlights the importance of closely monitoring market dynamics during the Token Offering activity. Market participants should exercise caution and carefully consider the potential impact of these developments on their investment strategies.
(Source: Christian Encila)