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Avalanche Foundation to buy back nearly 2M AVAX sold to Terra in 2022

In 2022, the Avalanche Foundation sold 1.97 million AVAX worth $100 million at the time to Terra’s foundation before its collapse. It’s now buying it all back for $45.5 million.

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Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Avalanche Foundation to buy back nearly 2M AVAX sold to Terra in 2022

In 2022, the Avalanche Foundation sold 1.97 million AVAX worth $100 million at the time to Terra’s foundation before its collapse. It’s now buying it all back for $45.5 million.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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Read on Cointelegraph

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