2026-01-05 10:20:13

Solana co-founder recently shared his views on token unlock strategies. He recommends that protocol teams retain cash reserves for subsequent token buybacks. This approach is quite interesting — once the buyback is initiated, the market will price the unlock tokens based on this expectation, thereby changing the market dynamics during the token liquidity release phase. In other words, through cash reserves and buyback commitments, it can fundamentally influence investors' price expectations during the unlock phase. This strategic design is essentially using financial tools to stabilize market sentiment.

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MechanicalMartel

· 01-07 02:51

Basically, it's just an empty promise to speculate on expectations... I just want to see who can really take out the money to buy back.

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FrontRunFighter

· 01-06 13:54

ngl this is just fancy price manipulation dressed up as "market stabilization"... cash reserves + buyback promises = textbook confidence game. the real dark forest move here is making retail think there's a floor when they're literally just frontrunning their own unlock schedule. seen this playbook before.

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rugpull_ptsd

· 01-05 11:20

Basically, it's just about making big promises to stabilize people's confidence; the buyback pledge is just something to listen to.

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DataBartender

· 01-05 10:50

The idea of buybacks sounds good, but the key still depends on when the real money will actually be implemented...

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ApyWhisperer

· 01-05 10:46

Well, basically it's using buyback expectations to support the market. Once the market reacts, it will be a different story.

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BlockchainDecoder

· 01-05 10:43

From a technical perspective, this logic is essentially using financial signals to manage market expectations—data shows that buyback expectations can indeed smooth out volatility during the unlocking period, but the key still lies in the sufficiency of cash reserves. Once the virtual and real assets don't match, it's game over. --- This move is quite interesting; fundamentally, it turns unlocking risk into a pricing power issue. It's worth noting that execution capability is the decisive factor. --- Research indicates that token buybacks often become the "last straw" in a bear market. Whether they can truly stabilize expectations depends on the team's cash flow situation—don't just talk the talk. --- Interesting perspective, but I'm more concerned about—where do these cash reserves come from? If it's not real money, then the buyback promise itself is just an option. --- Overall, this kind of strategy design is essentially using commitments to replace genuine liquidity support. It works from a psychological standpoint but can't withstand market pressure tests.

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HashRateHermit

· 01-05 10:37

说白了就是玩预期这一套，听着挺唬人

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GasDevourer