{"id":53926,"date":"2025-06-09T12:40:40","date_gmt":"2025-06-09T12:40:40","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/avl-price-surges-as-avalon-labs-burns-80m-tokens\/"},"modified":"2025-06-09T12:40:40","modified_gmt":"2025-06-09T12:40:40","slug":"avl-price-surges-as-avalon-labs-burns-80m-tokens","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/avl-price-surges-as-avalon-labs-burns-80m-tokens\/","title":{"rendered":"AVL price surges as Avalon Labs burns 80m tokens"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/avalon-labs-burn-avl-tokens-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/avalon-labs-burn-avl-tokens-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/avalon-labs-burn-avl-tokens-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/avalon-labs-burn-avl-tokens-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Avalon (AVL) price surged more than 20% in 24 hours to hit highs of $0.23.<\/li>\n<li>This follows June 9, 2025 announcement of an 80 million AVL token burn.<\/li>\n<li>AVL price could break above $0.30 and target recent highs.<\/li>\n<\/ul>\n<p>Avalon Labs\u2019 native token, AVL, has surged 20% in the last 24 hours, fueled by trader reaction to news of an 80 million token burn.<\/p>\n<p>The venture capital-backed Bitcoin on-chain capital markets platform revealed the news of its 80 million AVL burn on June 9.<\/p>\n<p>In reaction, the token\u2019s price shot up 20% to hit an intraday high of $0.23.<\/p>\n<p>This happened as the broader market bounced higher amid Bitcoin\u2019s surge from lows of $101k last week.<\/p>\n<p>With AVL price near a key level, is the optimism going to drive bulls much higher?<\/p>\n<h2>Avalon Labs announces burn of 44% of circulating supply<\/h2>\n<p>Off the back of a recent high-profile <a href=\"https:\/\/x.com\/yzilabs\/status\/1927000818680541674\" target=\"_blank\" rel=\"noopener\">investment<\/a> from YZi Labs, Avalon Labs has taken another major step towards bolstering its native token.<\/p>\n<p>The project, focused on Bitcoin-backed decentralized finance, <a href=\"https:\/\/x.com\/avalonfinance_\/status\/1931929318256792027\" target=\"_blank\" rel=\"noopener\">announced<\/a> on June 9, 2025 it had burned 80 million AVL tokens.<\/p>\n<p>Per the team at Avalon Labs, the incinerated tokens are primarily from the unclaimed chunk of supply from its March 2024 airdrop.<\/p>\n<p>Over $20 million worth of AVL hit community wallets at the time, and now 80 million have permanently been removed.<\/p>\n<p>The burned tokens represent approximately 44% of Avalon\u2019s circulating supply.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Avalon Labs has officially burned 80M <a href=\"https:\/\/twitter.com\/search?q=%24AVL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$AVL<\/a>, representing 44% of the circulating supply. <\/p>\n<p>These unclaimed airdrop tokens, worth approximately $16 million, have now been permanently removed from circulation. Over the past year, a total of $20M worth of <a href=\"https:\/\/twitter.com\/search?q=%24AVL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$AVL<\/a> has been claimed by\u2026 <a href=\"https:\/\/t.co\/GXMWKpmbNF\">pic.twitter.com\/GXMWKpmbNF<\/a><\/p>\n<p>\u2014 Avalon Labs \ud83c\udfa9\ud83d\udd2e (@avalonfinance_) <a href=\"https:\/\/twitter.com\/avalonfinance_\/status\/1931929318256792027?ref_src=twsrc%5Etfw\">June 9, 2025<\/a><\/p>\n<\/blockquote>\n<p>Avalon Labs\u2019 token burn injected notable upside action in the AVL market, with bulls retesting levels seen in early May.<\/p>\n<p>These gains follow another spike after YZi Labs announced a strategic investment in the project.<\/p>\n<p>Furthermore, buying pressure mounted earlier in the year after Binance Alpha listed AVL.<\/p>\n<h2>Is AVL price going to $1?<\/h2>\n<p>AVL\u2019s price action is flashing bullish signals, with the token trading around $0.20.<\/p>\n<p>Recently, the Avalon Labs price broke above an ascending triangle pattern, extending gains after a sharp decline.<\/p>\n<p>Buyers are looking to strengthen further with a breakout likely to push price to $0.23.<\/p>\n<p>In mid-May, Avalon price rejected bulls\u2019 advances around $0.31, and in late May, buyers ran out of steam after a channel breakout to dip from around $0.27.<\/p>\n<p>These levels present key horizontal resistance zones, above which bulls can target $0.44. However, there\u2019s a major supply wall near $0.75.<\/p>\n<figure id=\"attachment_313523\" aria-describedby=\"caption-attachment-313523\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"wp-image-313523 size-full\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/06\/AVLUSDT_2025-06-09_10-54-54.png\" alt=\"\" width=\"1057\" height=\"546\"\/><figcaption id=\"caption-attachment-313523\" class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/symbols\/AVLUSDT\/\" target=\"_blank\" rel=\"noopener\">Avalon price chart<\/a> by TradingView<\/figcaption><\/figure>\n<p>In the case sell-off pressure intensifies amid profit-taking and altcoin weakness, a revisit of $0.18 and $0.13 is possible.<\/p>\n<p>From a technical perspective, the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are showing early signs of bullish divergence.<\/p>\n<p>This suggests growing momentum. However, traders should monitor for sustained volume and price stability above the breakout level to confirm the move.<\/p>\n<div class=\"ad-banner  container  pt-1\" data-partner=\"bitcoinpepe\">\n        <a href=\"https:\/\/bitcoinpepe.co\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/blockovate\/en-3.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/avl-price-surges-after-avalon-labs-executes-80m-token-burn\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Avalon (AVL) price surged more than 20% in 24 hours to hit highs of $0.23. This follows June 9, 2025 announcement of an 80 million AVL token burn. AVL price could break above $0.30 and target recent highs. Avalon Labs\u2019 native [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":53927,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/53926"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=53926"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/53926\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/53927"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=53926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=53926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=53926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}