๐Ÿ–๐ŸŽ๐Œ $๐€๐•๐‹ ๐“๐จ๐ค๐ž๐ง๐ฌ ๐๐ฎ๐ซ๐ง๐ž๐ โ€“ ๐Ÿ’๐Ÿ’% ๐จ๐Ÿ ๐’๐ฎ๐ฉ๐ฉ๐ฅ๐ฒ ๐†๐จ๐ง๐ž!

Avalon Labs just executed a massive burn of 80 million AVL tokens, removing 44% of its circulating supply from existence.

๐Ÿšซ These tokens came from unclaimed airdrop allocations tied to their March 2024 campaign.

๐Ÿ”ฅ Key Highlights:

โ€ข Burned Amount: 80M AVL

โ€ข % of Circulating Supply: ~44%

โ€ข Source of Tokens: Unclaimed airdrop rewards

โ€ข Airdrop Stats: $20M worth of AVL was successfully claimed

โ€ข Backed by: Recent strategic round led by YZi Labs

โ€ข Platform Focus: Bitcoin-based financial services

๐Ÿ”ฅ Supply Shock Incoming?

Burns this large can drastically shift token dynamics, especially with growing interest in Bitcoin-native ecosystems. Less supply + strong fundamentals = potential for bullish momentum.

Avalon Labs is quickly cementing its place as a key player in the BTC DeFi narrative.

#AvalonLabs #TokenBurn #DeFi #CryptoNews #BinanceSquare