Avantis’ AVNT jumps 24% as new burn program launches and price tests $0.20 level

Avantis’ AVNT token climbed over 24% in the last 24 hours amid a sharp rise in trading activity and the launch of a fee-funded buy-back and burn scheme. The price briefly moved above the $0.20 resistance and broke out of a month-and-a-half downward channel, while on-chain metrics showed both buyer-dominated volume and rising profit-taking pressure. Derivatives liquidations, totaling $616K across major exchanges, further fueled the short-term move but also signaled traders closing positions.