Avalon Labs Burns 80M AVL Tokens, Altering Supply and Fueling Price Surge

Avalon Labs has made a significant move in its tokenomics by permanently burning 80 million of its AVL tokens, representing 44% of the circulating supply. This action removes unclaimed airdrop tokens that were previously allocated to users, contributing to a $16 million reduction in the overall token value. This strategic burn resulted in an immediate market response, boosting AVL prices by 18%. )