Avalon Finance Torches 44% of AVL Tokens—Price Skyrockets
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Talk about playing with fire—Avalon Finance just burned nearly half its token supply, and the market responded with a rocket ride.
The Bitcoin-based DeFi project axed 44% of its AVL tokens in a deflationary power move. Cue the price surge—because nothing gets crypto traders hotter than artificial scarcity.
Who needs fundamentals when you've got a good old-fashioned supply crunch? Just don't ask what happens when the smoke clears.
Source: CoinMarketCap
“As $AVL enters a deflationary cycle, more value will be unlocked, aligning long-term incentives and strengthening the foundation of our ecosystem,” said Avalon Labs.
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