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Avalon Labs Burns 80 Million AVL Tokens to Kick Off Deflationary Phase

Avalon Labs has permanently burned 80 million AVL tokens, accounting for 44% of the circulating supply. According to an X post, the tokens, worth approximately $16 million, were unclaimed from the platform’s March 2024 a...

Avalon Labs Burns 80 Million AVL Tokens to Kick Off Deflationary Phase
Avalon Labs has permanently burned 80 million AVL tokens, accounting for 44% of the circulating supply. According to an X post, the tokens, worth approximately $16 million, were unclaimed from the platform’s March 2024 airdrop campaign, which saw $20 million worth of AVL claimed by over 100,000 users. This major burn marks the start of […]

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