Avalon Labs Burns $1.88M in AVL Tokens
18
3
BTCCSquare news:
Avalon Labs has executed a $1.88 million buyback and burn of its AVL tokens, funded entirely by the protocol's monthly revenue. This follows a similar MOVE in June that saw 80 million AVL tokens destroyed. Combined, these actions have eliminated approximately 37% of the token's circulating supply.
The team positions this as a long-term value strategy, tightening supply without dipping into treasuries or seeking new capital. Market participants are now monitoring whether the reduced float will bolster liquidity and provide lasting price support.
By:
