The Avalanche Foundation announced via Twitter that it has reached an agreement to repurchase all AVAX tokens previously sold to the Luna Foundation Guard (LFG) before April 2022. The transaction is currently pending approval from the bankruptcy court. A total of 1.97 million AVAX tokens will be returned to the Avalanche Foundation for holding.

Exciting news from Avalanche Foundation regarding the repurchase of AVAX tokens from LFG. This move could have significant implications for the AVAX ecosystem and market dynamics. Waiting for the bankruptcy court's approval adds an element of suspense to the situation. 🚀 