Avalon Labs: $1.88 million in monthly agreement revenue has been used for AVL repurchase and destruction
Source: BlockBeats
Time: 2025-09-10 12:03:48
According to BlockBeats, on September 10, Avalon Labs has completed a total of US$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, with a total of 13,955,164 AVL repurchased, with an average price of about US$0.1347. After the repurchase is completed, Avalon Labs has destroyed all the above tokens. Officials said that all the funds for this repurchase come from the monthly income of the agreement. Combined with the 80 million AVL destroyed in June this year, Avalon Labs has accumulated tokens destroyed recently by 37% of the total circulation. The initiative fully reflects Avalon Labs’ long-term commitment to closely integrate protocol growth with community values.