Avalanche ($AVAX) Climbs 7% as $13 Million Unlock Lands, Defying a Falling Market

Published November 9, 2026, 10:00 PM PKT. Based on CoinGecko trending data and Binance spot market data on November 9, 2026, with unlock figures from Coinranking and the Tokenomist vesting tracker, market context from CoinStats and Crypto Daily, and real-world-asset figures from Blockworks via CoinStats.

Avalanche ($AVAX) rose about 7% on November 9, 2026, the day after the Avalanche Foundation released 1,666,800 AVAX in a scheduled quarterly vesting step, with the token climbing while the wider market fell. CoinGecko showed Avalanche ($AVAX) at $8.79, up 7.18% in 24 hours, with about $478.6 million in trading volume and a market value near $3.92 billion. Binance spot data showed a similar move, with Avalanche ($AVAX) at $8.765, up 7.13% in 24 hours, trading between a low of $7.773 and a high of $9.014.

The gain stood out against the two largest coins. Bitcoin ($BTC) traded at $74,898, down 1.11% in 24 hours, and Ether ($ETH) traded at $2,130.56, down 4.42%, according to CoinGecko. No single catalyst for the Avalanche ($AVAX) move has been confirmed, according to CoinStats, which reported on November 8 that the token had shown little reaction to recent ecosystem news.

A $13 million unlock, less than 0.4% of supply

The Avalanche Foundation released 1,666,800 AVAX on November 8, 2026, in its quarterly vesting step, according to Coinranking, which updated its report on November 9. The tranche is worth about $13 million at the prices Coinranking cited on November 9, and it amounts to under 0.4% of the roughly 446 million AVAX in circulation.

The release was a scheduled step in the published vesting schedule, not a new decision, according to Coinranking. The tokens sit in the Avalanche Foundation allocation, one of the tranches in the network's published token distribution, and the allocation opens in quarterly steps of 1,666,800 AVAX. About 25.0 million AVAX stays locked in the Foundation vesting schedule, with the final step due on July 20, 2030.

Token unlocks across crypto add up to about $1.72 billion in November 2026, down about 13% from October's $1.97 billion, according to Tokenomist figures cited by Coinranking. The largest single item on the calendar is Hyperliquid's ($HYPE) $923 million core-contributor release on November 6. Against that calendar, the Avalanche Foundation step is one of the month's smaller scheduled events, and nothing else in the Avalanche ($AVAX) supply schedule changed on November 8.

AVAX outpaces a falling market

Avalanche ($AVAX) was the second coin on CoinGecko's global trending list on November 9, behind only a small-cap token, and it was the strongest mover among the large coins on the list. Its 24-hour trading volume of about $478.6 million put it well ahead of its recent daily turnover, while Binance spot trading alone accounted for about $46 million of quote volume across nearly 350,000 trades.

The move also ran against the token's own recent trend. Finnhub data showed Avalanche ($AVAX) down 4.15% over five days even after Monday's gain, with the token trading below both of its key moving averages in recent sessions. Crypto Daily reported on November 4 that the 50-day average sat near $9.20 and the 200-day average near $9.08, with round-number support at $8.00, a level Monday's rally moved the token back above after it had drifted toward it.

The longer slide still frames the move

Monday's gain does not erase a steep slide. Finnhub data showed Avalanche ($AVAX) down 19.19% over the past month, down 38.37% since the start of the year, and down 53.93% over the past year. CoinStats put the token 94.36% below its all-time high of $144.96.

The token reached a high of $11.61 on September 21, 2026, after recovering more than 80% from an August low near $6.30, according to BTCC research, but it has given back much of that recovery since. The November 9 high of $9.014 still sits below the $9.20 area where the 50-day average sat on November 4, leaving the token short of the level that would mark a break in the downtrend.

NEC and the RWA base behind the network

Two recent developments sit behind the network even though neither has moved the price on its own. Japan's NEC, a biometric identity specialist, signed a memorandum of understanding on November 3 to explore stablecoin payments on Avalanche ($AVAX) that would pair a face scan with a single payment approval, according to CoinStats and Crypto Daily. The company has named no stablecoin, pilot, or launch date, and the token showed little reaction to the news.

Blockworks' third-quarter figures put the network's distributed real-world-asset base near $1.73 billion as of October 12, with tokenized Treasuries making up about $545 million of that total, according to CoinStats. That base gives Avalanche ($AVAX) one of the larger tokenized-asset footprints among layer-1 networks, even as the token itself has lagged the market for most of the year. Traders watching the next sessions will look first at whether the $9.014 high holds as resistance and whether the token can stay above the $8.00 support level that framed last week's slide.

Sources

• Coinranking, Avalanche Token Unlock Releases 1.67M AVAX on Schedule, published October 31, 2026, updated November 9, 2026 (primary source: Avalanche Foundation released 1,666,800 AVAX on November 8, 2026; tranche worth about $13 million at November 9 prices; under 0.4% of about 446 million AVAX in circulation; about 25.0 million AVAX stays locked, final step July 20, 2030; quarterly steps of 1,666,800 AVAX; November unlocks total about $1.72 billion, down about 13% from October's $1.97 billion; Hyperliquid $923 million release November 6 is the largest single item; Tokenomist vesting tracker as source)
• CoinGecko, trending list and market data, November 9, 2026 (primary market data: Avalanche $8.79, up 7.18% in 24 hours, market value about $3.92 billion, 24-hour volume about $478.6 million, rank 26; Bitcoin $74,898, down 1.11%; Ether $2,130.56, down 4.42%)
• Binance, AVAXUSDT spot data via data-api.binance.vision, November 9, 2026 (primary market data: last price $8.765, up 7.13% in 24 hours, high $9.014, low $7.773, quote volume about $46 million, 349,915 trades; last hourly candle current within the hour)
• CoinStats, Avalanche (AVAX) News Today, November 8, 2026 (secondary reporting: no confirmed catalyst for the latest move; NEC memorandum of understanding dated November 3; Blockworks third-quarter figures put the distributed real-world-asset base near $1.73 billion as of October 12, tokenized Treasuries about $545 million; AVAX 94.36% below the $144.96 all-time high)
• Crypto Daily, Avalanche Price Slides Toward $8 as Monero Runs Against Market, November 4, 2026 (secondary reporting: 50-day average near $9.20, 200-day average near $9.08, support at $8.00; NEC exploring biometric stablecoin payments with no stablecoin, pilot, or launch date named)
• Finnhub, Avalanche market data, November 9, 2026 (secondary market data: current price $8.734, up 6.59%; 5-day return minus 4.15%, 1-month return minus 19.19%, year-to-date return minus 38.37%, 1-year return minus 53.93%)
• BTCC Research, Avalanche (AVAX) Price Prediction 2026-2050 (secondary context: AVAX fell to about $6.30 in August 2026, then recovered to a high of $11.61 on September 21, 2026, an increase of more than 80% from the August low)

This article is news reporting and is not investment advice.