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  • Qadir AK
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    Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Avalon Labs Burns $1.88M in AVL Tokens

Avalon Labs completed a $1.88 million buyback and burn of AVL tokens, financed entirely by the protocolโ€™s monthly revenue. The move follows an earlier June event that destroyed 80 million AVL. Together, these actions have removed about 37% of the tokenโ€™s circulating supply. The team frames the program as a long-term value strategy that tightens supply without tapping treasuries or new fundraising. Investors now watch whether reduced float translates into sustained liquidity and price support.

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