Avalanche to Buy Back 2M AVAX Tokens

This decision comes after Terra’s downfall when the value of the tokens dramatically dropped. Let’s break down what happened. In April 2022, the Avalanche Foundation sold 1.97 million AVAX tokens to the Luna Foundation Guard (LFG) for about $100 million. Avalanche Foundation Strengthens Its Position for the Future At that time, it seemed like a […] source: https://www.altcoinbuzz.io/cryptocurrency-news/avalanche-to-buy-back-2m-avax-tokens/