In 2022, the Avalanche Foundation sold 1.97 million AVAX worth $100 million at the time to Terra’s foundation before its collapse. It’s now buying it all back for $45.5 million.
source https://cointelegraph.com/news/avalanche-repurchase-2-million-avax-terra-luna-foundation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound