Avalanche, a blockchain platform, is set to release 9.3 million tokens worth approximately $130 million on May 27. The tokens will be distributed to the Avalanche Foundation, strategic partners, Ava Labs, and through an airdrop. Patrick Sutton, Avalanche’s communications chief, confirmed the news. The platform aims to provide an open-source platform for decentralized finance applications and enterprise blockchain deployments. The release of these tokens is expected to boost the platform’s growth and development. Avalanche has been gaining popularity in the blockchain community due to its high throughput, low fees, and interoperability features. With this release, the platform is poised to make significant strides in the blockchain space.