Travala Doubles Down on AVA with Permanent Strategic Reserve
Travala has become the latest company to announce a buyback and burn program for its native token, AVA. The platform will allocate a permanent strategic reserve for AVA, doubling down on its commitment to supporting the cryptocurrency's price stability. This move comes as several other companies in the crypto space have initiated similar programs, aiming to boost investor confidence and drive up demand.
According to recent reports, Hyperliquid and Pump.fun led a massive $638 million token buyback wave in 2026, accounting for nearly 90% of total buybacks. This surge in activity has had a notable impact on the performance of HYPE and PUMP tokens, which have outpaced the market.
Other companies in the space are also taking steps to shore up their respective cryptocurrencies. JustLend DAO has pushed its deflation strategy forward, burning over 1.71 billion JST tokens from circulation through a series of buyback and burn events. Meanwhile, BitTorrent is set to launch its own BTT token buyback and quarterly burn program in Q3 2026.
BitGo Holdings has also announced a $50 million share buyback program, which triggered an immediate 13% increase in its stock price. Furthermore, Aster has updated its ASTER tokenomics, increasing the buyback and burn ratio to 198%. This development is set to take effect at 12:00 PM UTC, with 99% of daily platform fees being redirected towards buying back and burning ASTER tokens.