Avalon Labs Executes $1.88 Million AVL Coin Burn & Buyback: Boosting Price and Supply

Avalon Labs took a decisive step in managing their AVL coin supply, executing a strategic buyback and burn program worth $1.88 million. This action removed 37% of the circulating supply from the market, directly impacting the price of the coin. Following this announcement, AVL saw a notable 9% surge, reaching $0.15. The company financed the buyback and burn using its monthly protocol revenue. Avalon Labs’ burn strategy has proven to be effective in driving significant price appreciation.