Avalon Labs announced that it has completed a $1.88 million AVL token buyback and burn. According to the company's official statement, all funds used for this transaction were sourced from the protocol's monthly revenue. Having burned 80 million AVL tokens in June 2025, the company has now removed a total of 93.9 million AVL from circulation. This figure corresponds to approximately 37% of the current circulating supply. AVL is currently listed on Binance's pre-listing pool, Binance Alpha. Related News: BREAKING: Coinbase Announces It Will List Two Altcoins - Here Are the Details The following statements were made by Avalon Labs: We began purchasing AVL in June 2025 by depositing 1.88 million USDT into Bybit, permanently burning a total of 13,955,164 AVL tokens at an average price of $0.1347. This program was fully funded by protocol revenues and reflects the strong and consistent usage of our platform. As part of our commitment to aligning our growth with the interests of our community, we will continue to increase long-term value for AVL holders. According to the latest data, Avalon Labs (AVL) token is trading at $0.1473 and has gained 9.62% in the last 24 hours. *This is not investment advice. Continue Reading: Altcoin with Potential for Listing on Binance Announces Major Token Burn, Price Reacts
