Attention crypto enthusiasts! 🌟 The Avalanche Foundation has announced the repurchase of 1.97 million AVAX tokens for $45.5 million. These tokens were sold to the Luna Foundation Guard (LFG) in April 2022, just before the collapse of the Terra ecosystem.

- The repurchase seeks to avoid bankruptcy liquidation and return the tokens to the Foundation.

- The current value of the tokens is 42% lower than the $100 million initially paid.

- The move will reduce legal costs and protect assets for creditors.

What do you think about this strategy? Leave us your comment!