Avalanche
Avalanche Trades at $9.26 as Supply Growth Complicates Recovery to Previous Highs
A sharp drop in AVAX price and an expanding token supply mean returning to past peak valuations presents higher market cap hurdles.
Avalanche traded at $9.26 on October 22, 2026, marking a 93.6% decline from its all-time high of $145 reached in November 2021. The token dropped 4.5% in 24 hours and 15.6% over the preceding month, despite recent enterprise adoption milestones including the Dubai International Financial Centre Courts recording orders on the network.
At current supply levels of 443.9 million circulating tokens out of a 720 million maximum, returning to the previous $145 high would require a market capitalization of approximately $64.3 billion. This valuation would surpass Solana's market value of $61.6 billion.
Ongoing token emissions dilute existing holdings, with roughly 249 million AVAX tokens still slated for issuance. The network's current market capitalization stands at about $4.11 billion, placing it 28th among cryptocurrencies, with a fully diluted value of $4.36 billion.
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