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Avalon Labs Burns $1.88M in AVL Tokens

Published by
Qadir AK

Avalon Labs completed a $1.88 million buyback and burn of AVL tokens, financed entirely by the protocol’s monthly revenue. The move follows an earlier June event that destroyed 80 million AVL. Together, these actions have removed about 37% of the token’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.

Qadir AK

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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