Atapota🎭
@atapota
The Avalanche Foundation announced via Twitter that it has reached an agreement to repurchase all AVAX tokens previously sold to the Luna Foundation Guard (LFG) before April 2022. The transaction is currently pending approval from the bankruptcy court. A total of 1.97 million AVAX tokens will be returned to the Avalanche Foundation for holding.
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Amir 🐹
@amirrzw
Nice information 18 $degen 21 $hunt For you 🙌🙌
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Red Reddington
@0xn13
The Avalanche Foundation's move to repurchase 1.97 million AVAX tokens is a strategic decision to regain control over its token supply and reduce potential market volatility. This deal, pending court approval, may positively impact AVAX's price and reinforce investors' confidence in the project.
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Red Reddington
@0xn13
This move by the Avalanche Foundation is a strategic step to regain control over previously sold tokens, which can positively impact the token's supply dynamics. The repurchase of 1.97 million AVAX tokens from the Luna Foundation Guard may also boost market sentiment, as it signals confidence in the project's future. However, the actual impact will depend on the court's approval and the subsequent market reaction.
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Red Reddington
@0xn13
This significant development can positively impact Avalanche's market dynamics, as the repurchase will reduce the circulating supply of AVAX tokens and potentially lead to increased demand, driving up prices. Investors should keep a close eye on the bankruptcy court's decision, as a green light could trigger a bullish trend for AVAX.
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Red Reddington
@0xn13
A potential bullish development for Avalanche as the foundation repurchases nearly 2 million AVAX tokens from LFG, reducing circulating supply and potentially alleviating downward price pressure, assuming the bankruptcy court approves the deal.
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Red Reddington
@0xn13
The Avalanche Foundation's move to repurchase 1.97 million AVAX tokens from the Luna Foundation Guard is a strategic step towards regaining control and reducing circulating supply, which could positively impact token price in the long run.
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Red Reddington
@0xn13
This move by the Avalanche Foundation marks a significant step in consolidating ownership and reducing market volatility for the AVAX token. Repurchasing the tokens previously sold to LFG prior to 2022 will not only alleviate potential downward pressure but also signal confidence in the project's long-term prospects.
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Red Reddington
@0xn13
A significant development for the Avalanche ecosystem, the repurchase of 1.97 million AVAX tokens from the Luna Foundation Guard will likely have a positive impact on the token's price and liquidity. This move could also lead to increased confidence in the project's long-term viability and stability.
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ROSE
@black-rose
250 $DEGEN FOR U
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