Avalon Labs Burns 80 Million AVL Tokens to Kick Off Deflationary Phase

Avalon Labs has permanently burned 80 cardinal AVL tokens, accounting for 44% of the circulating supply. According to an X post, the tokens, worthy astir $16 million, were unclaimed from the platform’s March 2024 airdrop campaign, which saw $20 cardinal worthy of AVL claimed by implicit 100,000 users. This large pain marks the commencement of […]