Pyth Network Buys Back Tokens, Boosts Reserve
Update: 2025-12-12
Description
Pyth Network to Buy Back PYTH Tokens: A Strategic Move to Boost Income and Token ValueThe Pyth Network, a company providing real-time data to blockchains, has announced a new plan to buy back a portion of its PYTH tokens using a third of its protocols revenue. This strategy aims to build a reserve of tokens and increase the networks income, potentially reshaping global market data handling. The announcement comes as the PYTH token has seen an eighty percent drop in value over the past year, despite a temporary increase following its selection by the US government to publish economic data on the blockchain. Other blockchain projects, like Aave DAO, have considered similar ideas, but Pyth users reactions to this new buyback plan remain to be seen.
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