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Avalon Labs has announced the burning of 80 million AVL tokens.
Avalon Labs has announced the burning of 80 million AVL tokens, accounting for approximately 44% of the circulating supply. The burned tokens mainly came from unclaimed allocations in a previous airdrop campaign. Launched in March 2024, the campaign saw a total of 20 million AVL successfully claimed. Avalon Labs is a Bitcoin financial services platform that previously announced the completion of its strategic funding round, led by YZi Labs.