The Avalanche Foundation will repurchase the 1.97 million AVAX tokens previously sold to the LUNA Foundation.

According to reports, the Avalanche Foundation tweeted that it has reached an agreement to repurchase all $AVAX tokens sold to the $Luna Foundation Guard (LFG) before April 2022, and is currently awaiting approval from the bankruptcy court. This move ensures that LFG will not violate the original agreement regarding the restrictions on the use of the tokens and protects the tokens from the complexities of liquidation by the bankruptcy trustee, while returning 1.97 million $AVAX to the foundation's holdings. This further enhances the foundation's ability to support the continued growth and development of the Avalanche ecosystem.