Avalon Labs burns 80 million tokens AVL to start the deflationary phase – news bytes bitcoin news

Avalon Labs has permanently burned 80 million tokens AVL, representing 44% of the circulating supply. According to an X Post, the tokens, with an approximate value of $ 16 million, were not claimed from the March 2024 Airdrop campaign of the platform, which saw $ 20 million in AVL claimed by more than 100,000 users. This great burn marks the beginning of […]