BlockBeats news: On January 8, GMX announced that in the past week, its buyback and distribution plan had purchased approximately 16,800 GMX tokens from the open market. The annualized staking yield for the next 7 days is 11.94%. To date, a total of 2,031,625 GMX tokens have been repurchased, with an average annualized staking yield of 21.59% for stakers.
GMX Repurchases 16,800 GMX Tokens in One Week
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Summary
GMX repurchases 16,800 tokens in one week as open interest in altcoins to watch remains strong. On January 8, 2026, the project announced the buyback under its ongoing plan, offering an 11.94% annualized staking yield for the next 7 days. The total repurchased tokens now amount to 2,031,625, achieving an average annualized yield of 21.59%. Altcoins to watch continue to attract attention amid rising open interest.
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