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📢JUST IN: @AVAX FOUNDATION REPURCHASES 1.97M $AVAX TOKENS (~ $53.2M) FROM THE DEFUNCT LUNA FOUNDATION GUARD ~ COINTELEGRAPH
AVALANCHE RECLAIMS $53M IN AVAX TOKENS Avalanche snagged back 1.97 million AVAX tokens from the defunct Luna Foundation Guard for about $53 million. LFG originally scooped them for a whopping $100 million right before the Terra trainwreck. This move is slick—keeps LFG from… https://t.co/lQJBJ2g1p3
.@avax Foundation buys back $52 million worth of $AVAX tokens from Do Kwon's defunct 'Luna Foundation Guard' https://t.co/XADsoHLDXx https://t.co/P6SreiIYiF
In November 2024, Nym Technologies, a privacy startup, has announced a $1 million buyback of its $NYM tokens ahead of the launch of its VPN service. This initiative is aimed at enhancing its app, network, and operators to supercharge its capabilities. In a separate development, the Avalanche Foundation has repurchased 1.97 million $AVAX tokens, valued at approximately $53.2 million, from the defunct Luna Foundation Guard. The Luna Foundation Guard had originally acquired these tokens for $100 million before the collapse of Terra.