In April 2022, the Luna Foundation Guard purchased $100 million worth of Avalanche's AVAX tokens. However, the collapse of the Terra ecosystem put the future of the tokens into question. Now, the Avalanche Foundation has negotiated a deal to repurchase the tokens from Terraform Labs' bankrupt estate. The agreement is pending court approval.
In April 2022, the Luna Foundation Guard purchased $100 million worth of Avalanche's AVAX tokens. However, the collapse of the Terra ecosystem put the future of the tokens into question. Now, the Avalanche Foundation has negotiated a deal to repurchase the tokens from Terraform Labs' bankrupt estate. The agreement is pending court approval.