๐๐๐ $๐๐๐ ๐๐จ๐ค๐๐ง๐ฌ ๐๐ฎ๐ซ๐ง๐๐ โ ๐๐% ๐จ๐ ๐๐ฎ๐ฉ๐ฉ๐ฅ๐ฒ ๐๐จ๐ง๐!
Avalon Labs just executed a massive burn of 80 million AVL tokens, removing 44% of its circulating supply from existence.
๐ซ These tokens came from unclaimed airdrop allocations tied to their March 2024 campaign.
๐ฅ Key Highlights:
โข Burned Amount: 80M AVL
โข % of Circulating Supply: ~44%
โข Source of Tokens: Unclaimed airdrop rewards
โข Airdrop Stats: $20M worth of AVL was successfully claimed
โข Backed by: Recent strategic round led by YZi Labs
โข Platform Focus: Bitcoin-based financial services
๐ฅ 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.