The Avalanche Foundation announced that it will repurchase all 1.97 million AVAX tokens that were sold to the LUNA Foundation in April 2022, and is currently awaiting approval from the bankruptcy court.

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According to Deep Tide TechFlow and reported by DegenNews, the Avalanche Foundation has announced that it has reached an agreement to repurchase all 1.97 million AVAX tokens that were sold to the LUNA Foundation (LFG) in April 2022, and is currently awaiting approval from the bankruptcy court.

Avalanche Foundation repurchased 1.97 million AVAX tokens.