Avalon Labs Burns 93.9 Million AVL Tokens. Price Jumps 9%

Avalon Labs has taken another major step in its ongoing “buyback and burn” strategy. The company announced it repurchased and permanently burned 13.95 million AVL tokens worth $1.88 million, cutting circulating supply by a staggering 37%.

Latest Token Burn Round According to the official announcement, the latest burn occurred on September 10. The firm deposited $1.88 million USDT on Bybit, purchasing AVL tokens at an average price of $0.1347. In total, more than 13.9 million tokens were bought back and permanently removed from circulation. Since June 2025, Avalon Labs has now eliminated 93.95 million AVL tokens, equal to over one-third of the circulating supply. The entire initiative was financed through monthly protocol revenues, without relying on external funding.

Strengthening the Ecosystem and On-Chain Markets Avalon Labs emphasizes that these actions are part of its long-term mission to build the leading on-chain capital market for Bitcoin. The company stated it will continue to explore sustainable mechanisms to enhance investor confidence and ecosystem growth. “Our mission is to strengthen Avalon’s position as a leader in on-chain Bitcoin capital markets,” the company noted. Earlier this year, a key milestone was reached when Bybit integrated the Avalon protocol for BTC lending, creating a bridge between CeFi and DeFi and boosting the project’s overall utility.

AVL Price Reacts with Sharp Gains Immediately following the announcement, the AVL token surged 9%, hitting $0.15. Daily trading volume also climbed above $25 million. Despite this rally, AVL still trades nearly 70% below its all-time high of $0.70. In May, AVL also secured backing from YZi Labs, a group connected to Binance. Analysts suggest this could help boost visibility within the broader Binance ecosystem. However, direct listing on Binance remains unlikely for now, since AVL is Ethereum-based.

Circulating Supply and Future Outlook AVL has been trading since February following its airdrop. Out of a total supply of 1 billion tokens, only 16.6% (around 161 million tokens) are currently unlocked. More scheduled releases are expected in the coming months.

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