GMX DAO Buys Back 9,175 Tokens for $75,000 in Weekly Repurchase
- —Weekly buyback: 9,175 GMX for $75,000 at an average price of $8.17
- —Cumulative buyback since March: 498,831 GMX worth $3.24 million
- —Blended average purchase price across the program is about $6.5 per token
Why it matters: The buyback program reduces GMX supply and could support the token's price amid a weak broader market.
Source: Coinfomania