Avalanche Foundation to repurchase tokens sold to Terra’s LFG in 2022 deal, pending court approval

The price of Avalanche's token has risen over 13% in the last few days following the announcement and the growing popularity of a new crypto game.

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.