Event JSON
{
"id": "9cd60c771011a3476b1eeac7fb52f7ecaa90f0c30e7a2cdb95be60b7cfab63ea",
"pubkey": "4f02cb250da07a2fafdf1bc40bee1360da7f1b68767142469a04f0b13776608a",
"created_at": 1749456453,
"kind": 1,
"tags": [
[
"r",
"https://crypto.news/avalon-labs-burns-avl-slashing-circulating-supply-2025/"
],
[
"subject",
"Bitcoin capital markets platform Avalon Labs burns 80M AVL, slashing circulating supply by 44%"
],
[
"published_at",
"1749456016"
],
[
"image",
"https://crypto.news/app/uploads/2023/12/crypto-news-token-burn-option01.webp"
],
[
"p",
"4f02cb250da07a2fafdf1bc40bee1360da7f1b68767142469a04f0b13776608a",
"wss://relay-testnet.k8s.layer3.news"
],
[
"imeta",
"url https://crypto.news/app/uploads/2023/12/crypto-news-token-burn-option01.webp"
],
[
"t",
"crypto:perspective"
],
[
"summary",
"Avalon Labs, a financial technology company, announced the burn of $16 million worth of tokens, mostly unclaimed airdrop allocations from a March 2024 campaign. The company framed the burn as the start of a 'deflationary cycle' that aligns with long-term incentives. The move was met with a swift market response, with AVL surging 18% shortly after the announcement. Avalon Labs is building Bitcoin-backed on-chain capital markets and has already disbursed over $1.2 billion in overcollateralized BTC-backed loans."
]
],
"content": "nostr:nprofile1qy3hwumn8ghj7un9d3shjtt5v4ehgmn9wshxkwrn9ekxz7t9wgejumn9waesqgz0qt9j2rdq0gh6lhcmcs97uymqmfl3k6rkw9pydxsy7zcnwanq3gk2xvke\nhttps://crypto.news/app/uploads/2023/12/crypto-news-token-burn-option01.webp\nAvalon Labs has burned 80 million AVL tokens, permanently removing them from circulation in a move that reduces the circulating supply by roughly 44%. Announced on X on June 9, the tokens, worth an estimated $16 million, were mostly unclaimed…\nhttps://crypto.news/avalon-labs-burns-avl-slashing-circulating-supply-2025/",
"sig": "07bc60406f1d6d71a74696bba12deb9a5b73cdb5a3419a7b52a5a66855a3dad573dfdc72ed1d2d6aca59bf5a780bb4ab26d0236b33c88e3f7738e81e0e24b4b4"
}
