Oh, just a little token-burning ritual, really. Avalon Labs, in a move that would make even the most jaded Discworld witch raise an eyebrow, has decided to “optimize the AVL economy” by setting alight to $1.88 million worth of tokens. Picture, if you will, a dragon with a PhD in finance, breathing fire on a spreadsheet. That’s the vibe here. 🐉📊
This isn’t even their first rodeo (or their first token pyre). Back in June, they incinerated 80 million AVL, which is about the same as if you took your entire sock collection and tossed it into a bonfire labeled “Capsule Collection: Do Not Resurrect.” Combined, these acts have slashed 37% of the token’s supply, leaving investors to wonder if this is genius or just a very expensive game of “Let’s pretend scarcity is a thing.” 🤷♂️
The team insists this is all part of a “long-term value strategy,” which is crypto-speak for “we’re not sure what’s happening, but it sounds good on a slide.” They’re careful to note they’re not dipping into treasuries or begging for new cash, which is probably wise-no one wants to be the guy who asks the blockchain for a second helping of investor money. 🤑
As for the rest of us? We sit back, sip our virtual tea, and ponder whether burning tokens is just the blockchain’s way of saying “Sorry, the economy is harder than it looks.” Or maybe it’s just a very modern version of throwing coins into a fountain. Either way, here’s hoping the gods of liquidity smile on them… or at least don’t demand a 50% cut in AVL. 🕯️
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2025-09-10 11:01