The post Avalon Labs Burns $1.88M in AVL Tokens appeared first on Coinpedia Fintech News
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.
Source: https://coinpedia.org/crypto-live-news/avalon-labs-burns-1-88m-in-avl-tokens/