The Luna Foundation Guard's 2022 purchase of $100 million worth of AVAX tokens is now being addressed following Terra's collapse. The Avalanche Foundation has negotiated to repurchase 1.97 million AVAX tokens, worth about $56 million today, from Terraform Labs' bankrupt estate. This deal prevents a bankruptcy liquidation and adheres to the original agreement. The repurchase awaits court approval, and following the announcement, AVAX's price has risen, supported by the success of the Avalanche-based game "Off The Grid." Source: The Block
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