The Avalanche Foundation has announced its intention to repurchase 1.97 million AVAX tokens. These tokens were initially sold to the Luna Foundation Guard (LFG) in April 2022.
The transaction occurred prior to the collapse of the ecosystem, indicating a move by the Avalanche Foundation to regain control over a significant portion of its cryptocurrency assets.
This buyback highlights the foundation's efforts to stabilize and strengthen its position following past market disruptions.
