PYTH Jumps 16.23% on Report of Token Buyback Policy
- —PYTH gained 16.23% to $0.0835514
- —Daily volume hit $88.8 million, 231.34% above the 30-day average
- —Market cap reached $657.96 million; volume-to-market-cap ratio was 13.5%
- —Token remains 92.69% below its all-time high of $1.14 set in March 2024
Why it matters: Directing 100% of product revenue to buybacks could create lasting demand for PYTH, but without confirmed purchases the rally remains speculative.
Source: DiarioBitcoin