As reported by BitcoinWorld, Pyth Network has announced a new buyback program, allocating 33% of its treasury each month to purchase PYTH tokens from the open market. The program, funded entirely by network revenue, aims to reduce circulating supply and support token value. Initial monthly purchases are expected to range between $100,000 and $200,000.
Pyth Network Allocates 33% of Treasury for Monthly PYTH Buybacks
BitcoinWorldShare
Summary
Pyth Network has launched a monthly token buyback program, using 33% of its treasury to repurchase PYTH from the open market. The initiative, funded by network revenue, targets a monthly spend of $100,000 to $200,000. The buybacks aim to reduce circulating supply and support the token’s market cap.
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