{"id":72235,"date":"2025-06-09T09:08:09","date_gmt":"2025-06-09T09:08:09","guid":{"rendered":"https:\/\/coinjournal.net\/?p=313522"},"modified":"2025-06-09T09:08:09","modified_gmt":"2025-06-09T09:08:09","slug":"avl-price-surges-after-avalon-labs-executes-80m-token-burn","status":"publish","type":"post","link":"https:\/\/coinalsat.com\/en\/avl-price-surges-after-avalon-labs-executes-80m-token-burn\/","title":{"rendered":"AVL price surges after Avalon Labs executes 80M token burn"},"content":{"rendered":"\n<ul>\n<li>Avalon (AVL) price surged more than 20% in 24 hours to hit highs of $0.23.<\/li>\n<li>This follows June 9, 2025 announcement of an 80 million AVL token burn.<\/li>\n<li>AVL price could break above $0.30 and target recent highs.<\/li>\n<\/ul>\n<p>Avalon Labs&#8217; native token, AVL, has surged 20% in the last 24 hours, fueled by trader reaction to news of an 80 million token burn.<\/p>\n<p>The venture capital-backed Bitcoin on-chain capital markets platform revealed the news of its 80 million AVL burn on June 9.<\/p>\n<p>In reaction, the token&#8217;s price shot up 20% to hit an intraday high of $0.23.<\/p>\n<p>This happened as the broader market bounced higher amid Bitcoin&#8217;s surge from lows of $101k last week.<\/p>\n<p>With AVL price near a key level, is the optimism going to drive bulls much higher?<\/p>\n<h2>Avalon Labs announces burn of 44% of circulating supply<\/h2>\n<p>Off the back of a recent high-profile <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/x.com\/yzilabs\/status\/1927000818680541674\">investment<\/a> from YZi Labs, Avalon Labs has taken another major step towards bolstering its native token.<\/p>\n<p>The project, focused on Bitcoin-backed decentralized finance, <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/x.com\/avalonfinance_\/status\/1931929318256792027\">announced<\/a> on June 9, 2025 it had burned 80 million AVL tokens.<\/p>\n<p>Per the team at Avalon Labs, the incinerated tokens are primarily from the unclaimed chunk of supply from its March 2024 airdrop.<\/p>\n<p>Over $20 million worth of AVL hit community wallets at the time, and now 80 million have permanently been removed.<\/p>\n<p>The burned tokens represent approximately 44% of Avalon&#8217;s circulating supply.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Avalon Labs has officially burned 80M <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24AVL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$AVL<\/a>, representing 44% of the circulating supply. <\/p>\n<p>These unclaimed airdrop tokens, worth approximately $16 million, have now been permanently removed from circulation. Over the past year, a total of $20M worth of <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24AVL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$AVL<\/a> has been claimed by&hellip; <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/t.co\/GXMWKpmbNF\">pic.twitter.com\/GXMWKpmbNF<\/a><\/p>\n<p>&mdash; Avalon Labs &#127913;&#128302; (@avalonfinance_) <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/avalonfinance_\/status\/1931929318256792027?ref_src=twsrc%5Etfw\">June 9, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Avalon Labs&#8217; token burn injected notable upside action in the AVL market, with bulls retesting levels seen in early May.<\/p>\n<p>These gains follow another spike after YZi Labs announced a strategic investment in the project.<\/p>\n<p>Furthermore, buying pressure mounted earlier in the year after Binance Alpha listed AVL.<\/p>\n<h2>Is AVL price going to $1?<\/h2>\n<p>AVL&#8217;s price action is flashing bullish signals, with the token trading around $0.20.<\/p>\n<p>Recently, the Avalon Labs price broke above an ascending triangle pattern, extending gains after a sharp decline.<\/p>\n<p>Buyers are looking to strengthen further with a breakout likely to push price to $0.23.<\/p>\n<p>In mid-May, Avalon price rejected bulls&#8217; advances around $0.31, and in late May, buyers ran out of steam after a channel breakout to dip from around $0.27.<\/p>\n<p>These levels present key horizontal resistance zones, above which bulls can target $0.44. However, there&#8217;s a major supply wall near $0.75.<\/p>\n<figure id=\"attachment_313523\" aria-describedby=\"caption-attachment-313523\" class=\"wp-caption alignnone\"><img data-source=\"CoinJournal\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"wp-image-313523 size-full\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/06\/AVLUSDT_2025-06-09_10-54-54.png\" alt=\"\" width=\"1057\" height=\"546\"><figcaption id=\"caption-attachment-313523\" class=\"wp-caption-text\"><a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/AVLUSDT\/\">Avalon price chart<\/a> by TradingView<\/figcaption><\/figure>\n<p>In the case sell-off pressure intensifies amid profit-taking and altcoin weakness, a revisit of $0.18 and $0.13 is possible.<\/p>\n<p>From a technical perspective, the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are showing early signs of bullish divergence.<\/p>\n<p>This suggests growing momentum. However, traders should monitor for sustained volume and price stability above the breakout level to confirm the move.<\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/avl-price-surges-after-avalon-labs-executes-80m-token-burn\/\">AVL price surges after Avalon Labs executes 80M token burn<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"\n<p>Avalon (AVL) price surged more than 20% in 24 hours to hit highs of $0.23. This follows June 9, 2025 announcement of an 80 million AVL token burn. AVL price could break above $0.30 and target recent highs. Avalon Labs&#8217; native token, AVL, has surged 20% in the last 24 hours, fueled by trader reaction [&#8230;]<\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/avl-price-surges-after-avalon-labs-executes-80m-token-burn\/\">AVL price surges after Avalon Labs executes 80M token burn<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"author":5,"featured_media":72236,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[48,43,1],"tags":[],"class_list":["post-72235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-crypto-news","category-general"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AVL price surges after Avalon Labs executes 80M token burn - CoinAlSat.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinalsat.com\/en\/avl-price-surges-after-avalon-labs-executes-80m-token-burn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AVL price surges after Avalon Labs executes 80M token burn - CoinAlSat.com\" \/>\n<meta property=\"og:description\" content=\"Avalon (AVL) price surged more than 20% in 24 hours to hit highs of $0.23. This follows June 9, 2025 announcement of an 80 million AVL token burn. AVL price could break above $0.30 and target recent highs. 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This follows June 9, 2025 announcement of an 80 million AVL token burn. AVL price could break above $0.30 and target recent highs. 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