Avalon Labs has announced the completion of a $1.88 million AVL token buyback and burn, fully funded by the protocol's monthly revenue.
Token Buyback and Burn
The company reported that 80 million AVL tokens were burned in June 2025, and a total of 93.9 million AVL have now been removed from circulation. This represents approximately 37% of the current circulating supply.
Token and Market Data
Currently, the AVL token is trading at $0.1473, having gained 9.62% in the last 24 hours.
Statements from Avalon Labs
Avalon Labs stated: "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."
Thus, Avalon Labs is actively taking steps to reduce the supply of AVL tokens, which the company claims is aimed at increasing their long-term value for holders.
