AVAX price has been experiencing a decline following the brief bullish surge in March, and it currently finds itself in a crucial state. Adding to the potential downward pressure on the price is the imminent token unlock, which could amplify FUD (fear, uncertainty, and doubt) in the market. However, amidst this uncertain situation, there is optimism that once the unlock FUD subsides, Avalanche’s price might bounce back strongly.
Sophie Berger covers EU regulation and policy from Brussels. With a Master's in European Affairs from Sciences Po and five years at Politico Europe, she tracks MiCA implementation, ECB digital-euro work and ESMA enforcement. Sophie is fluent in French, German and English, and has interviewed three EU commissioners on record. Her policy briefs are read across the BTCNews newsroom every morning.