Avalon Labs bet on repos to stop AVL's deflation decline

Avalon Labs, the largest Bitcoin stablecoin issuer, has launched an accelerated repurchase program for its native token, AVL, to boost its value and boost investor confidence amid the recent price decline. AVL has fallen 3.08% in 24 hours and has fallen 2.27% in the past week and is currently capped at $22.31 million. The buyback aims to reduce 161.68 million in circulation supply to support the token's long-term valuation strategy. AVL is listed on the Mexican Exchange (MEXC) and provides staking and trading services, and is part of Avalon's broader Bitcoin-centric financial ecosystem.