Avalon Labs platform informed traders that it has completed the buyback and burn of $1,88 million worth of AVL tokens. The assets have been transferred to the exchange bybit in June 2025. The platform paid about $0,1347 for one AVL.
The goal of the event is to maintain the value of its tokens through regular buybacks.
As part of this program, Avalon Labs has transitioned to bybit 1,88 million USDT and purchased AVL at an average price of $0,1347. In total, 13,955,164 AVL tokens were bought out and irrevocably burned, the protocol team reported.
Since June 2025, Avalon Labs has destroyed a total of 93,955,164 AVL worth $13,8 million. This is approximately 37% of the total token supply, which is 254,25 million AVL.
The token buyback and burn program was fully funded by Avalon Labs’ monthly protocol revenue, meaning the capital was generated through real activity on the platform, rather than external funding.
Following the news of a large-scale withdrawal of tokens from circulation, the AVL rate began to rise. Over the past 24 hours kriptovalyuta rose more than 7,6% and was trading at $0,147 at the time of writing.