Avalon Labs announce token burn of 80M AVL tokens
Avalon Labs has announced burn of whopping 80 million AVL tokens that amount to 44-percent of total circulating supply. These tokens are part of the unclaimed airdrop that was launched last year.
Avalon Labs is a bitcoin financial services platform that completed its strategic funding round, primarily funded by YZi labs. So, yes, 44% of the Circulation supply will be burned and we will love to see how the price will react.
Reducing supply by such a large margin can significantly impact token economics, especially when it comes from unclaimed airdrops. It shows Avalon is serious about long-term value creation. The company is calling this new phase business expansion.
This also makes the AVL token deflationary in nature.
Current value of these 80M AVL tokens is around 16-million dollars. Since the last year, more than 20-million dollars worth of AVL tokens have been claimed by more than 100,000 airdrop participants.
The future of Avalon Labs burns even brighter. Alpha Mode is officially ON. Yes, all puns intended.
— Avalon Labs 🎩🔮 (@avalonfinance_) June 9, 2025
Lookin greenish across the board though. Keep manifesting good vibes cause it’s clear we’re entering a new ARC.
Binance Alpha platform has also just listed AVL token, along with VINO, PAIN and JELLYJELLY on their platform.