In the wake of a most remarkable event, wherein a considerable quantity of tokens was rendered asunder, the native token of Avalon Labs, known as AVL, has experienced a most impressive surge of 21%, now trading at the princely sum of approximately $0.2085. This rally is particularly noteworthy, as the broader crypto market appeared to be languishing in a state of lethargy on this fine day of June 9.
According to a recent missive on the platform X, Avalon Labs has taken the bold step of permanently removing 80 million AVL tokens from circulation, a figure that constitutes a staggering 44% of the token’s circulating supply. One might say, “Out with the old, in with the new!”
Avalon Labs has officially burned 80M $AVL, representing 44% of the circulating supply.
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 $AVL has been claimed by…
— Avalon Labs 🎩🔮 (@avalonfinance_) June 9, 2025
The project has declared that the burnt supply consisted of unclaimed airdrop tokens, valued at a rather impressive $16 million. It is worth noting that over the past year, more than 100,000 wallets have claimed AVL tokens, amounting to a delightful total of around $20 million in distributed value. Quite the bonanza, wouldn’t you agree?
“As $AVL enters a deflationary cycle, more value will be unlocked, aligning long-term incentives and strengthening the foundation of our ecosystem,” reads Avalon Labs’ public statement. One can only hope that this is not merely a fanciful notion!
Token burns, as it is well known, serve to diminish the circulating supply of a cryptocurrency, often resulting in upward price pressure. Experts, with their ever-astute observations, are speculating on the long-term value creation within the Avalon ecosystem. The announcement has led to a remarkable 90% surge in AVL’s 24-hour trading volume, reaching a staggering $31 million. Who knew such excitement could be generated?
At the time of this writing, AVL ranks a modest 649th among cryptocurrencies by market capitalization, standing at $33.62 million. The token had once reached a peak of $0.756 in March but has since trended downward, dropping a rather unfortunate 25% over the past month. Alas, the fickle nature of fortune!
AVL Price Outlook
On the 4-hour chart, the price has broken above the upper Bollinger Band. This often signals overextension, but also a bullish breakout signal if sustained. A clear breakout above the recent high of $0.223 could lead to further gains. Fingers crossed!
AVL price chart with MACD | Source: TradingView
The RSI stands at 67 with a sharp upward gradient, nearing the overbought region, suggesting short-term overheating but not extreme levels yet. If AVL sees a price drop, traders could expect a buy wall around $0.186. A veritable game of chance!
Meanwhile, the MACD has crossed into bullish territory, with the MACD line climbing above the signal line. Green histogram bars are rising steadily, pointing to growing upward momentum. How delightful!
AVL price chart with MACD | Source: TradingView
Bitcoin Bull Presale Gains Momentum
As AVL gains momentum, BTC Bull ($BTCBULL), a meme coin, is attracting considerable attention with its straightforward yet compelling proposition: to capitalize on Bitcoin’s bullish trajectory. A rather audacious endeavor, if I may say so!
About BTCBULL: Use Case and Tokenomics
The Bitcoin Bull ecosystem’s native token, BTCBULL, offers a unique milestone-based crypto presale opportunity directly tied to Bitcoin’s performance. For every $25,000 increase in Bitcoin’s price from $100,000 to $250,000, BTCBULL holders unlock new rewards. These incentives include deflationary token burns and even Bitcoin airdrops, fostering community excitement and engagement. Quite the incentive, indeed!
The ultimate milestone occurs when Bitcoin reaches $250,000, triggering a significant BTCBULL airdrop for loyal holders. This design effectively aligns investor incentives with Bitcoin’s appreciation. A match made in heaven!
BTCBULL Presale Details:
- Current price: $0.002555
- Funds raised: $6.97 million
- Ticker: BTCBULL
- Payment options: ETH, USDT
The presale has already raised an impressive $6.97 million out of its $8 million target. Investors can expect a value increase for BTCBULL after the next 21 days. For those confident in Bitcoin’s next major surge, Bitcoin Bull presents a project worth considering. A most intriguing prospect!
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2025-06-09 15:38