Key facts: Avalanche to Unlock 1.67M AVAX Tokens; Elliott Wave Pattern Forms
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Avalanche will unlock 1.67 million AVAX tokens on May 12, 2026, increasing tradable supply. This may lead to short-term sell pressure, so traders should monitor market indicators.1Avalanche (AVAX) is forming an Elliott Wave pattern on the weekly chart, nearing a macro low of $5.67, suggesting a potential shift into a Wave 2 recovery phase.2
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