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Visa will expand its support for stablecoins on four blockchains, deepening its commitment to cryptocurrencies

Visa, a global leader in payments, has announced plans to introduce support for four additional stablecoins on four distinct blockchains, thereby reinforcing its growing presence in the digital asset ecosystem.

During the earnings call for the fourth quarter and year-end of Visa on Tuesday, CEO Ryan McInerney told investors that the company will continue to expand its stablecoin initiatives following a strong financial year.

"We are adding support for four stablecoins that operate on four unique blockchains, representing two currencies that we can accept and convert to more than 25 traditional fiat currencies," McInerney said.

Although Visa has not yet specified the specific stablecoins and networks, this expansion will complement its current support for USDC, EURC, PYUSD, and USDG, which currently operates on Ethereum, Solana, Stellar, and Avalanche.

Looking ahead, Visa plans to extend its stablecoin infrastructure for banks and financial institutions. McInerney stated that the company will focus on cross-border settlements, enabling faster and more cost-effective global payments via stablecoins.

This next phase builds on Visa's pilot program from September that allowed financial institutions to pre-fund cross-border payments with USDC and EURC through Visa Direct.

McInerney added that the company now allows banks to mint and burn their own stablecoins through Visa's tokenized asset platform, signaling a deeper integration of blockchain technology into traditional finance.

"We are enhancing our solutions layer to provide customers with greater flexibility in settlement with stablecoins and in cross-border money transfers," he said. $USDC

The price of Solana remains close to 200 dollars despite the recent drop: Is a bullish momentum approaching?

The price of Solana (SOL) fell below the 200 dollar mark on Wednesday, as cryptocurrencies showed caution ahead of the Federal Reserve's interest rate decision.

However, despite the 3.7% decline in the last 24 hours, institutional interest remains high. The overall macroeconomic context is also favorable, and the price of SOL could surge alongside other cryptocurrencies.

Despite last month's mediocre performance, Solana's fundamentals suggest substantial growth potential.

Various bullish factors support this optimistic outlook and could drive gains in the coming months.

For example, the launch of spot Solana ETFs is expected to catalyze unprecedented institutional capital inflows. Bitwise and Grayscale products lead this initiative, but there are others awaiting SEC approval.

According to CoinGecko, the price of Solana traded at lows of 194 dollars in the early Asian hours of October 29.
This comes after bulls failed to achieve a decisive breakout above the psychological 200 dollar mark, a threshold that now acts as a key base for both bulls and bears.

With prices dropping 3.7% in the last 24 hours, SOL is considering a scenario where negative movement could extend losses to the 180 dollar mark.

On the other hand, gains could lead bulls to aim for $250 and then $300 in the short term. $SOL

Germany proposes a national reserve of bitcoins and considers bitcoin as "state-free money"

The Alternative for Germany (AfD) party has presented a proposal to create a national reserve of Bitcoin.

The initiative represents a possible turning point for the largest economy in Europe, which just a year ago was criticized for liquidating billions in seized Bitcoin.

The motion, which needs to be approved, would make Germany the first major European nation to integrate Bitcoin directly into its national reserves, signaling a growing shift in Europe towards viewing Bitcoin not as a speculative asset, but as a sovereign reserve instrument.

The AfD's vision of Bitcoin as "state-free money"
The AfD's motion, presented last week, urges the federal government to start accumulating Bitcoin as part of its long-term reserve strategy.

The proposal argues that the EU's MiCA framework was designed for centrally issued tokens and should not apply to Bitcoin, which has no issuer or central authority.

It urges the government to avoid regulatory burdens on non-custodial wallet providers and Lightning node operators, to maintain Germany's tax exemption on Bitcoin held for more than a year, and to ensure that private mining or Lightning activity is not classified as commercial.

The AfD presents Bitcoin as “state-free money” that protects individual freedom, in contrast to the proposed digital euro, which it warns could enable surveillance and control.

The proposal comes less than a year after the German government completed one of the largest state-level Bitcoin sales in history.

Between June and July 2024, German authorities sold nearly 50,000 BTC—originally seized from the operators of the piracy site Movie2k.to—for approximately $3 billion at that time. $BTC

JPYC launched the first regulated stablecoin in yen in Japan

The launch introduces a stablecoin infrastructure that complies with regulations in the third largest foreign exchange market in the world, representing approximately 17% of the global foreign exchange trading volume.

The stablecoin market currently reaches $297 billion, with 99% denominated in U.S. dollars. The entry of JPYC challenges this concentration, offering an alternative backed by the regulatory framework established in June 2023.

The company aims to issue $67 billion (10 trillion yen) in three years, rivaling the current market capitalization of USDC, which is $40 billion.

Japan has adopted strategies that prioritize consumer protection and financial stability. The Payment Services Act restricts issuance to banks, money transfer operators, and trust companies, requiring a reserve backing of 100% or more in yen deposits and Japanese government bonds.

This framework emerged as a preventive measure following the collapse of TerraUSD in 2022, establishing protective barriers before market expansion.

JPYC is a Type II money transfer operator, the first company to obtain a license under the new regulatory regime.

For regulated transactions on the platform, the company faces a transaction limit of 1 million yen per transfer. $USDC

A market breakup of altcoins is looming as Bitcoin's dominance weakens

The stability of the market capitalization structure and the emergence of bullish reversal indicators create ideal conditions for liquidity rotation in the cryptocurrency landscape. The potential weakening of Bitcoin's dominance further reinforces these conditions.

Both technical signals and market psychology suggest that a new Altseason cycle may be forming, setting the stage for the next major breakout in the Altcoin market.

After months of correction, the global cryptocurrency market is showing clear signs of recovery. According to CoinGecko, the total market capitalization has once again reached 4 trillion dollars, marking a significant recovery after a prolonged period of stagnation.

However, investor attention is no longer solely focused on Bitcoin (BTC). Attention is gradually shifting towards altcoins, digital assets beyond Bitcoin, which are often seen as the leverage for the next bullish market impulse.

As analyst Michael van de Poppe highlighted, the altcoin market has experienced the longest bear cycle, lasting almost four years with persistent declines against Bitcoin.

However, current technical indicators show surprising similarities to those from late 2019 and early 2020, just before the market entered a strong bullish trend.

Specifically, the MACD has formed a bullish divergence. While the RSI remains in the oversold zone, it indicates that selling pressure has exhausted and a possible reversal is on the horizon.

One of the most closely watched signals today is Bitcoin Dominance (BTC.D), the ratio that measures Bitcoin's share of the total cryptocurrency market.

$BTC

Kyrgyzstan launches a national stablecoin on the BNB chain

The first phase connects the National Bank with commercial banks to enable transfers, followed by the integration of the Central Treasury for social and government payments.

Kyrgyzstan launched its national stablecoin, KGST, on the BNB Chain on Friday, while confirming its plans to develop a central bank digital currency and explore the creation of a state cryptocurrency reserve.

President Sadyr Japarov announced the initiatives after a meeting of the National Council for the Development of Virtual Assets and Blockchain Technologies.

Former Binance CEO Changpeng Zhao attended the second council meeting in his role as a strategic advisor, a position he assumed around April 2025. Zhao confirmed that BNB would be included in the country's cryptocurrency reserve if implemented, although no official proposals have been submitted yet.

The stablecoin KGST maintains a 1:1 parity with the Kyrgyz som. Local media KG24 reported that the cryptocurrency committee must ensure its inclusion on international platforms and submit reserve proposals within two months.

President Japarov instructed the Ministry of Economy and Commerce to continue developing a legislative framework for virtual assets. The National Bank of the Kyrgyz Republic was ordered to initiate pilot tests of the digital som, an independent CBDC initiative from the stablecoin KGST.
The pilot program for the digital som will be developed in three phases.

The first will connect the National Bank with commercial banks to facilitate transfers, followed by integration with the Central Treasury for social and government payments. The final phase will test offline transactions and low connectivity before the national rollout.
$BNB

The cryptocurrency market adds 150.000 billion dollars in a matter of hours

The global cryptocurrency market is experiencing a strong rebound thanks to renewed optimism about a possible trade breakthrough between the United States and China.

Specifically, in just 24 hours, the total market capitalization increased from 3.69 trillion dollars to 3.84 trillion dollars, adding approximately 150.000 billion dollars in value.

Several assets have led this push. For example, at the close of this edition, Bitcoin (BTC) had risen by 1.54% to 113.566 dollars, while Ethereum (ETH) followed with a surge of 3.39% to 4.076 dollars.

Solana (SOL) rose by 2.49% to around $ 198, BNB (BNB) gained 1.91% to $ 1.135, and XRP joined the upward trend with an increase of 2.70% to $ 2.65.

The increase occurred after significant events in Beijing and Washington, where China's Vice Minister of Commerce announced that both nations had reached a consensus on key trade issues.

Reportedly, the talks covered export controls, tariff suspensions, fentanyl-related measures, drug cooperation, trade expansion, and the U.S. Section 301 rates.

Meanwhile, U.S. Treasury Secretary Bessent further bolstered bullish sentiment, stating that China is "ready" to finalize a trade agreement after two days of negotiations, and added that Beijing intends to make "substantial" purchases of U.S. soybeans.

President Trump also expressed optimism that a "comprehensive agreement" could be reached within the week, comments that injected new confidence into global markets.

It is noteworthy that these same trade tensions previously contributed to the recent market corrections. $SOL

Shiba Inu Exchange inflows are decreasing drastically, indicating a possible accumulation amid consolidation

Accumulation signals for Shiba Inu are strengthening as its supply on exchanges decreases by more than 62%, indicating lower selling pressure and growing optimism among holders for a potential price recovery.

Exchange inflows drop by 62%: this indicates that fewer SHIB tokens will be sold, a bullish indicator of market sentiment.

Stable exchange reserves of 82.08 trillion SHIB suggest a liquidity contraction phase and accumulation.

Price consolidation above the support of $0.0000095, with the RSI near 40, points to a neutral to bullish bias and a potential rebound.

The decrease in Shiba Inu supply generates accumulation signals amid price stabilization. Discover key on-chain metrics and technical outlooks for the potential recovery of SHIB. Stay informed about cryptocurrency trends today.

The decrease in Shiba Inu supply is mainly due to a significant reduction in exchange inflows, which fell by more than 62% in the last day, resulting in a net decrease of approximately 1.008 million SHIB tokens entering exchange platforms.

This trend, according to on-chain data from CryptoQuant, reflects that holders are withdrawing their tokens from exchanges, indicating greater confidence in the future appreciation of value.

Overall, this indicates a bullish shift in market dynamics, with lower selling pressure that could pave the way for stabilization and price growth.

Accumulation signals for Shiba Inu are evident through multiple technical and on-chain indicators. Exchange inflow metrics, specifically the MA7 average, have plummeted by 83.45%, while outflows decreased by 58.78%, according to data from CryptoQuant. $SHIB

A financial advisor warns cryptocurrency holders and XRP

Financial educator Coach JV has released a new video in which he delivered what he described as an “important warning” to his followers.

The video, published on October 23, 2025, serves both as a warning and a reaffirmation of his investment approach. He began by referencing the recent announcement from the blockchain company Kedena, which confirmed the closure of its operations.

For Coach JV, this event symbolizes the volatility of the cryptocurrency sector and reinforces his decision to concentrate his holdings in established digital assets.

He emphasized that, while his message does not constitute financial advice, it is based on his personal research and investment strategy. His tone was one of concern rather than alarm, urging viewers to remain calm, avoid speculation, and prioritize long-term positioning.

The educator explained that the closure of Kedena reflects a broader restructuring of the digital asset market, where the weaker projects are gradually being phased out as regulatory and institutional adoption progresses.

Coach JV stated that he would consolidate his portfolio primarily in XRP, Bitcoin, and Solana, identifying them as his top three investments. He added that by 2030, much of his remaining portfolio would likely be integrated into these assets.

In addition to them, he currently holds positions in XLM, WFI, HBAR, and VeChain. His reasoning focuses on sustainability, liquidity, and regulatory progress. He reiterated a philosophy he has shared for years: first resilience, then regulation, and finally institutional participation.

According to him, the cryptocurrency industry has entered what he calls the "phase of adoption and tokenization," where major financial institutions are integrating blockchain technology into their existing structures. $BTC $XRP $SOL

Ripple completes the acquisition of Hidden Road, becoming the first cryptocurrency company to own a global multi-asset prime broker

Ripple has completed the acquisition of Hidden Road, becoming the first cryptocurrency company to own a top-tier global multi-asset broker.

The deal renames Hidden Road as Ripple Prime, a global top-tier brokerage service designed to expand institutional access to digital assets. The acquisition enhances Ripple's institutional offering by expanding its custody and trading capabilities.

Ripple has partnered with a major South African financial institution to provide institutional digital asset custody, extending its secure services to new markets.

The company's stablecoin is now integrated with tokenized funds from major asset managers, enabling instant exchanges that preserve exposure to money market returns for institutional users.

The acquisition positions Ripple to offer secure custody and tokenized asset solutions in multiple regions, targeting large-scale financial entities seeking blockchain infrastructure services.$XRP

An American company called Strategy owns more than 3% of all existing bitcoins. Its CEO, Michael Saylor, is a pioneer of a new business model in which publicly traded companies buy cryptocurrencies to hold them on their balance sheets.

Strategy, formerly MicroStrategy, initially purchased bitcoins worth 250 million US dollars (187 million British pounds) in mid-2020, during the worst economic crisis caused by COVID-19. By continuing to buy bitcoins, the price of its shares skyrocketed, and the company continued purchasing. In October 2025, Strategy owned 640,418 bitcoins, with an approximate value of 70 billion dollars.

In the years since then, more than 100 public companies have followed Saylor's example and have become bitcoin treasury companies, with a total of over 114 billion dollars in bitcoin.

In 2025, following widespread enthusiasm for cryptocurrencies from the new Trump administration, there has been a new boom in cryptocurrency treasury assets.

But holding bitcoin assets also carries some significant risks, particularly given the volatility of cryptocurrency prices, and the stock prices of some of these companies are now under pressure. $BTC

Publicly traded companies are accelerating their accumulation of BNB

Applied DNA Sciences saw its shares rise more than 50% on Wednesday after announcing the purchase of 4908 BNB tokens valued at approximately 5.3 million dollars.

The announcement came after the closing of a private investment of 27 million dollars in public equity, backed by institutional investors from DeFi and traditional finance. The funding combined 15.3 million dollars in cash and stablecoins with 11.7 million dollars in units of OBNB Trust, granting the company indirect ownership of approximately 10,647 BNB tokens.

The warrants linked to BNB remain subject to shareholder approval before the tokens can be formally transferred.

Applied DNA Sciences plans to use the net proceeds to implement a performance-focused treasury strategy with significant direct and equivalent exposure to BNB, according to Patrick Horsman, CFA's chief investment officer.

The strategic decision came one day after CEA Industries Inc., a Canadian vaping company, announced the acquisition of 500,000 BNB tokens at an average price of approximately 870 dollars per token. CEA, which became a BNB treasury company in July, is currently the largest BNB treasury holder and aims to own 1% of the total supply by the end of the year.

Bloomberg reported on October 13 that China Renaissance Holdings Ltd., an investment bank based in Beijing, was in talks to raise approximately 600 million dollars and form a digital asset treasury in the U.S. to accumulate BNB.

The increase in institutional interest has coincided with a significant rise in the token's price.
On October 7, BNB surpassed XRP and became the third.$BNB

Coinbase merges artificial intelligence and cryptocurrencies with a new on-chain payment protocol

Coinbase has introduced Payments MCP (Model Context Protocol), a new tool for developers that allows artificial intelligence (AI) agents to perform transactions directly on-chain using cryptocurrency wallets and stablecoins.

The launch, announced on October 23, marks Coinbase's next big step in integrating AI technology with decentralized finance (DeFi).

Payments MCP connects large language models with cryptocurrency payments without the need for API keys or complex setups. Compatible AI agents, such as Claude, Gemini, Codex, and Cherry Studio, can now execute actions on the blockchain such as creating wallets, transferring stablecoins, and purchasing data, simply through natural language commands.

According to Coinbase, this protocol enables AI systems to operate autonomously in the global economy by managing transactions, paying for computing, and managing digital assets. Users can create wallets with just an email address, set spending limits, and monitor transactions through a local desktop interface for added security.

Payments MCP also integrates with x402, a payment framework that Coinbase co-developed with Cloudflare, driving what the company calls "agentive commerce," where intelligent systems are not only analytical but also financially active participants.

The introduction of Payments MCP aligns with Coinbase's 2025 strategy to merge the AI and cryptocurrency ecosystems. It builds on recent initiatives such as USDC loans, the Google-Coinbase stablecoin protocol, and Base Layer 2 integrations, all aimed at expanding the company's payment infrastructure and developer offerings. $USDC

The Fusaka update of Ethereum could improve the efficiency of blocks with a new gas limit

The Fusaka update of Ethereum introduces a gas limit per transaction of approximately 16.78 million units to increase block efficiency, mitigate denial-of-service risks, and facilitate parallel execution in future improvements like Glamsterdam. This ensures that no transaction dominates a block, promoting a fairer distribution of resources on the network.

Implementation of the gas limit: limits individual transactions to 16.78 million gas units, preventing overuse and improving overall block predictability.
Increase in block gas limit: raises the complete block gas limit from 45 million to 60 million units to achieve greater capacity.

Broader impact of the roadmap: prepares Ethereum for PeerDAS and parallel processing, reducing hardware needs and scaling layer 2 solutions with data availability sampling.

The gas limit per transaction of the Fusaka update of Ethereum enhances network efficiency by limiting individual transactions to 16.78 million units. Discover how this prepares Ethereum for parallel execution and improves scalability. Stay informed about cryptocurrency updates today.

The gas limit per transaction significantly improves the efficiency of Ethereum blocks by ensuring that no operation monopolizes resources, allowing multiple transactions to coexist within a block more predictably. $ETH

Tether reaches 500 million users with the Kotani Pay agreement focused on Africa

Tether celebrates 500 million users while investing in Kotani Pay, based in Kenya, to expand access to digital payments across Africa. The agreement aims to reduce the costs of cross-border transactions and integrate USDT with mobile money and banking networks.

While Tether has not broken down that figure by region, its gaze is set on Africa, where it anticipates its next chapter of growth. The company cites a report from Chainalysis that reveals a 52% increase in on-chain transaction volume in Sub-Saharan Africa, which exceeded $205 billion in a single year.

Behind this boom are small business owners and individuals turning to digital assets as a lifeline. They face the same harsh realities confirmed by the data: rampant inflation, unpredictable local currencies, and banking systems that have left many behind.

To better understand these figures, Tether launched a short documentary from Kenya. The documentary highlights local merchants using USDT to pay international suppliers and families relying on it to receive remittances from abroad. It is a grassroots look at how a global digital dollar provides tangible support in economies often defined by their volatility.$USDT

The Federal Reserve opens the door to cryptocurrency companies with the proposal to create "thin" master accounts

The Federal Reserve of the United States has announced plans to explore new "payment accounts" that would allow cryptocurrency and financial technology companies to connect directly to the Federal Reserve's payment system.

Federal Reserve Governor Christopher Waller described this development during his speech at today's Payments Innovation Conference. He stated that this marks a "new era," demonstrating that the Federal Reserve is moving past caution to collaborate with innovators in cryptocurrencies and DeFi.

The Federal Reserve governor claims that DeFi and cryptocurrencies are "welcome to the conversation"
Specifically, Governor Waller stated that the DeFi sector no longer faces suspicion or disdain. Instead, the financial industry has welcomed it in discussions about the future of payments in the United States.

"Today, you are invited to the conversation about the future of payments in the United States," he said.

Waller also noted that technologies such as distributed ledgers, stablecoins, and tokenized assets now constitute important parts of the financial system.

Among the companies working in these areas are banks, asset managers, payment companies, technology firms, and fintechs specializing in cryptocurrencies.

The "Payment Account" proposal
In particular, the proposed concept of a "payment account" would be a simpler version of the usual Federal Reserve master account for companies focusing on payment innovation.

These "thin" accounts would allow certain cryptocurrency and financial technology companies to connect directly to the Federal Reserve's payment system without the need for an intermediary bank.$BTC $ETH

XRP, SOL and ETH face a bearish wave: why now?

Whales anticipate volatility in the market as CPI data and beef between China and the United States could cause some shockwaves.

Despite Monday's market rebound, which secured gains of 5-6% for Bitcoin (BTC) and large-cap altcoins, major cryptocurrency investors are returning to the bearish trend. According to LookOnChain, several large cryptocurrency investors shorted Ethereum (ETH) at $4,030.

Short sellers take advantage of Ether falling below $4,000.

In a curious case, a whale deposited 5.38 million Circle USD (USDC) to obtain a 20x short position on 1500 ETH, with an approximate value of 6 million dollars.

Another whale went even further with a 25x short position at the same price of Ether (ETH), but this whale is equally bearish on Solana (SOL), Ripple (XRP), and the star asset, BTC.

At the time of this writing, Ethereum has fallen to $3,938.88, resulting in $300,000 in unrealized gains on both ETH short trades.

Crypto whales are preparing for a storm of volatility, driven by geopolitical uncertainty, particularly due to tensions between China and the United States (U.S.). Additionally, the U.S. government plans to reopen its operations at full capacity between October 23 and 26, which could pave the way for new funding in the IT sector.

XRP overcomes market turbulence with dividends.
This occurs ahead of the new week's inflation data in the United States, which could have an immediate effect on Federal Reserve interest rate decisions.

Solana (SOL) fell by 1.81%, trading at $187.39 at the time of publication, while Ripple (XRP) was the only cryptocurrency to rally positively after the U.S. news.
$ETH $XRP $SOL

Bitcoin mining has become easier, but not for long, as the hashrate spikes again

Mining difficulty fell to 146.7 trillion on Friday when the network's hashrate, the average total computing power dedicated to protecting the decentralized protocol, hit an all-time high of over 1.2 trillion hashes per second.

The mining difficulty of BTC was reduced by approximately 2.7% from the all-time high difficulty level of over 150.8 trillion reached during the previous adjustment period, according to CoinWarz.

However, the network's hash rate reached an all-time high on Tuesday and remains above 1.2 trillion, despite a slight decline from Tuesday's all-time high, according to data from CryptoQuant. CoinWarz also predicted:
The next difficulty adjustment is estimated to take place on October 29, 2025, at 08:14:49 UTC, which will increase Bitcoin mining difficulty from 146.72 T to 156.92 T, to be executed in 1474 blocks.

The increase in hashrate indicates that miners will have to spend more and more computational resources to add blocks to Bitcoin's ledger, putting even more pressure on beleaguered miners who are dealing with trading policies, reduced block rewards, and competition.

Miners are turning to alternative sources of income, but potential supply chain issues loom.

Mining companies continue to seek alternative sources of income to cover the deficit in digital coin mining, including diversification into AI data centers and other forms of high-performance computing.
Core Scientific, Hut 8, and IREN reassigned resources to AI data centers in 2024 to increase profits and reduce dependence on income generated from cryptocurrency mining. $BTC

Key price levels of Dogecoin to watch as DOGE prepares for a comeback

Dogecoin (DOGE) may be gearing up for a significant rally after weeks of sideways movement, according to cryptocurrency analyst Ali Martínez.

This outlook comes at a time when the meme cryptocurrency shows signs of short-term strength. As of this writing, DOGE was valued at $0.19, with a gain of over 5% in the last 24 hours, while on the weekly chart, it has risen by 4%.

In a post on X on October 18, Martínez noted that DOGE is trading within an ascending parallel channel that dates back to early 2023. Dogecoin is currently near the lower boundary of this channel, a region that has historically acted as a reliable launchpad for rallies.

At the same time, the token defends a key support around $0.16, close to the Fibonacci retracement level of 0.618. As long as this area holds, bullish momentum could begin to build. The next immediate price barrier is $0.21, which must be surpassed for DOGE to confirm a recovery.

If bullish momentum strengthens, the first major resistance will be at $0.29, a level where the price previously faced strong rejection and aligns with the mid-range trend line of the channel.

A successful breakout above that level could propel DOGE towards $0.45 in the medium term. In a solid bullish scenario, Martínez suggested that Dogecoin could even reach $0.86 by 2026 if it follows the upper trajectory of the channel.
Dogecoin aims for $1

Meanwhile, the possibility of Dogecoin skyrocketing was also highlighted by prominent cryptocurrency analyst The Scalping Pro, who in a post on X on October 19 pointed out that the token is showing signs of a bullish setup that could drive it towards $1 sooner than expected.$DOGE

The price of Avalanche is at risk ahead of the unlocking of AVAX for 35 million dollars

The price of Avalanche has entered a bear market this month after falling 45% from its peak in September, and this pullback may continue ahead of a major token unlock.

AvalancheAvax2.51%AvalancheThe token fell to the psychological point of $20, a drastic drop from the September high of $36. It is hovering around its low from October 11.


The main catalyst for the price of AVAX this week will be a pending lock on October 24. It will unlock 1.67 million tokens currently valued at nearly 35 million dollars.

Avalanche has already unlocked around 60% of all its tokens, and the process will continue at least until 2030. Token unlocks are often considered bearish, as they increase the number in circulation.

The price of AVAX has also pulled back, as data shows a slowdown in ecosystem growth. According to Nansen, the number of transactions on the network decreased by 18% in the last seven days, reaching 11.1 million.

This decline has affected the revenue that the network generates from fees. These have decreased by 61% in the last seven days, reaching $345,000. On a positive note, Avalanche's monthly fees increased by 120%, reaching $2.14 million.

Avalanche's fees impact the token, as the network burns it all. As a result, the latest data shows that the burn rate has skyrocketed, with a total accumulated exceeding the critical milestone of 4.87 million.

The price of Avalanche has other potential catalysts that could help offset the impact of the upcoming unlock. For instance, it has become a key player in the stablecoin industry, where the circulating supply has reached $1.7 billion. $AVAX