Avalon Labs Executes $1.88 Million AVL Token Buyback and Burn: Price Soars 11%

Avalon Labs, a Bitcoin-focused on-chain capital market, has conducted a significant buyback and burn of its AVL tokens. The initiative involved the firm purchasing 13.95 million AVL tokens, valued at $0.1347 per coin, and subsequently burning them permanently. This action resulted in an approximately 11% price surge for the AVL token as investors reacted positively to the news.