Terraform Labs (TFL) and the Luna Foundation Guard (LFG) have announced they have purchased a combined $200 million worth of Avalanche (AVAX) tokens from the Avalanche Foundation.
TFL, the company responsible for the development of the Terra blockchain, swapped $100 million worth of Terra (LUNA) for AVAX in order to “strategically align ecosystem incentives,” according to Terra’s Twitter (NYSE:TWTR).