Pyth Network launches $200K token buyback to strengthen PYTH’s value
Pyth Network has launched a structured buyback program to bolster its token economy. The initiative will allocate 33% of the DAO treasury each month to acquire PYTH tokens on the open market. This move follows robust revenue growth, particularly from its institutional-focused product, Pyth Pro.
The buyback program comes as Pyth Network's treasury holds around $500,000. The initial round of purchases is expected to range between $100,000 and $200,000. These funds will be drawn directly from recurring contributions generated by products like Pyth Core, Entropy, and Express Relay.
The buyback program signifies a strategic step in Pyth Network's long-term plans. By connecting revenue growth to token acquisitions, the DAO aims to stabilize and fortify the value of PYTH. The initial $100,000–$200,000 buyback will set the pace for future allocations as institutional adoption widens.
