- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
Avalon Labs: Utilizes $1.88M of Monthly Protocol Revenue for AVL Buyback and Burn
BlockBeats News, September 10, Avalon Labs has completed a $1.88 million AVL token buyback and burn. Since June, Avalon Labs has been depositing $1.88 million USDT into Bybit and initiating the buyback process, repurchasing a total of 13,955,164 AVL tokens at an average price of approximately $0.1347. After the buyback was completed, Avalon Labs has burned all the repurchased tokens.
The official announcement stated that the buyback funds were entirely sourced from protocol monthly revenue. Combined with the 80 million AVL tokens burned in June this year, Avalon Labs has now burned tokens equivalent to 37% of the circulating supply in the recent period. This action demonstrates Avalon Labs' long-term commitment to tightly integrating protocol growth with community value.
You may also like
Gainers
Latest Crypto News
Analysis: The main reason for the recent cryptocurrency market crash was the Bank of Japan hinting at a rate hike and market concerns about a potential "Strategy" disaster.
Paradigm's associated wallet sent 6300 ETH to Coinbase
Coinbase Executive Sued by Shareholders for Alleged $4.2 Billion Insider Trading
An address holding 50 BTC has just been activated after being dormant for 15.7 years
Pacifica: Users who were liquidated between October 1st and December 1st will receive a 20% bonus on December transactions.
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：[email protected]
VIP Services：[email protected]
App