Avalanche Foundation to Reacquire 1.97M AVAX Tokens from LFG Deal

The Avalanche Foundation plans to repurchase 1.97 million AVAX tokens from Luna Foundation, pending bankruptcy court approval. Avalanche’s strategic token repurchase reflects its commitment to stability and ecosystem growth amid ongoing developments. Strategically, the Avalanche Foundation has decided to repurchase 1.97 million AVAX tokens sold to the Luna Foundation Guard (LFG) from April 2022. LFG [...]