Avalon Labs Burns Over One-Third of Token Supply, Increasing AVL Value

Avalon Labs, a company focused on Bitcoin-centric capital markets, recently executed a major token burn event, eliminating over one-third of its circulating supply. This strategic move was fueled by monthly protocol revenue and aimed at increasing AVL’s value and governance. The burn resulted in a significant market reaction, with AVL’s price rising nearly 11% shortly after the announcement. The move aligns with Avalon Labs’ ongoing commitment to building a robust ecosystem for Bitcoin-backed financial instruments.