# Buyback

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Pyth Network Initiates Monthly Token Buyback Program, Tying Value to Ecosystem Growth 📈
Pyth Network has launched the "PYTH Reserve," a monthly token buyback program that will utilize 33% of its DAO treasury balance to purchase $PYTH tokens on the open market. The initiative is funded by protocol revenue, with the first buyback this month estimated between $100,000 and $200,000.
The program begins as Pyth reports growing traction, noting that its Pyth Pro data product surpassed $1 million in Annual Recurring Revenue (ARR) within its first month. The buyback mechanism is designed to more close
PYTH-0,15%
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This afternoon’s on-chain flow for $ASTER reveals a clear shift in momentum. A new wallet withdrew 668,000 ASTER from Binance, completing a 3-day accumulation of 2 million tokens at an average price of $1.03.
What’s more striking — Abraxas Capital, once the largest short seller, flipped long at the same price yesterday. Their new position is already up 30%, while their main account, with an entry at $0.91, now holds a 61% unrealized gain.
On the official side, the daily buyback plan launched on October 28 continues strong. So far, 25.5M ASTER have been repurchased for $29.15M, averaging 2.76M
ASTER3,68%
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