The Avalanche Foundation has completed the buyback of 1.97 million AVAX tokens from Luna Foundation Guard (LFG). This transaction includes the buyback of tokens previously acquired by LFG in support of the Terra blockchain ecosystem.

Avalanche had stated that it would purchase these tokens for $45.5 million, but at the time of writing, the AVAX token was trading at around $26.95, making the current market value of the tokens around $53 million.

This buyback is considered an important step in supporting the sustainability of the Avalanche ecosystem. Share your thoughts in the comments.