The Avalanche Foundation is set to repurchase all AVAX tokens previously sold to the Luna Foundation Guard (LFG) before April 2022, pending bankruptcy court approval. This buyback involves 1.97 million AVAX and aims to uphold the original token agreement while safeguarding AVAX amid ongoing bankruptcy proceedings.

The move not only strengthens the Avalanche Foundation's asset base but also enhances its ability to support the growth of the Avalanche ecosystem. If approved, the repurchase will empower the foundation to drive future projects and expand the blockchain’s potential.

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