Avalon Labs Completes $1.88 Million AVL Token Buyback and Burn
Avalon Labs’ native token AVL surged 8% on Sept. 10, amid a stable crypto market, following a significant buyback and burn announcement.
Key details include:
- Avalon Labs completed a $1.88 million buyback and burned 13,955,164 AVL tokens, about 37% of the total supply.
- The buyback program, initiated in June 2025, was funded by monthly protocol revenue without external capital.
- A total of 93,955,164 AVL tokens have been burned since the program began.
- Despite recent gains, AVL is still 70% below its March peak of $0.70, currently trading at around $0.145 with a market cap of $23.47 million.
- The price chart indicates rising buying pressure, with potential for further upside if momentum continues.
- Bollinger Bands suggest increased price volatility; critical support is around $0.1347.
Avalon Labs aims to foster sustainable growth within its ecosystem.