Avalon Labs: $1.88 million in agreement revenue has been used for AVL repurchase and destruction

Avalon Labs announced that it has completed a total of $1.88 million in AVL token repurchase and destruction. Since June, Avalon Labs has successively deposited 1.88 million USDT into Bybit and started a repurchase operation, repurchasing a total of 13,955,164 AVLs, with an average price of approximately US$0.1347. After the repurchase is completed, Avalon Labs has destroyed all the above tokens. Officials said that all the repurchase funds are from the agreement's monthly income, and with the 80 million AVL destroyed in June this year, Avalon Labs' cumulative tokens destroyed recently account for 37% of the total circulation.