$AVAX

Avalanche Foundation has received court approval to repurchase approximately $52 million worth of AVAX tokens from the collapsed Luna Foundation Guard (LFG). The repurchased AVAX tokens will be used to support the growth of the Avalanche ecosystem, including providing project funding and promoting community development. The Luna Foundation was founded by Do Kwon to support the TerraUSD stablecoin, but its collapse triggered a chain reaction in the market. By repurchasing these tokens, the Avalanche Foundation officially ends its relationship with the Terra project and ensures that LFG will not violate the restrictions on token usage set forth in the original agreement, while avoiding the complexities of the tokens being liquidated by bankruptcy trustees. This will further enhance the Foundation's ability to support the continued development of the Avalanche ecosystem. #avax #AVAXUSD #avalanche #AVAX✅ #AVAX.智能策略库🥇🥇