Pyth DAO has approved a new policy to allocate all future revenue from its products to open-market purchases of its PYTH tokens, increasing the buyback allocation from one-third to 100%. This move aims to strengthen the token's value by fully utilizing revenue for buybacks. Pyth's annualized recurring revenue reached $11.49 million by the end of September, up 86.5% from the previous quarter, supported by $2.09 trillion in third-quarter trading volume for real-world asset contracts. The network also supports prediction markets and is developing financial data infrastructure for AI applications, indicating ongoing growth and innovation.
As of Oct 08, 2026 21:31 WIB, PYTH trades at Rp1,437 on Pluang, showing a strong 1-day gain of 12.24%, which contrasts with its 79% circulating supply out of the total 10 billion tokens. The market cap stands at Rp10.68 trillion, and the 24-hour trading volume is Rp433.4 million. This significant price increase aligns with the DAO's new policy to allocate all future product revenue to buybacks, reflecting high investor interest with 95% buy orders and a typical hold time of 59 days on Pluang.
The Pyth Network DAO approved a policy (OP-PIP-136) to allocate 100% of its eligible product revenue to buy back PYTH tokens on the open market, without requiring monthly votes. This replaces the previous policy that limited buybacks to one-third of ...
Pyth (PYTH) token surged over 12% on October 8, breaking above $0.086 in a sharp rally. This price jump followed a Pyth DAO decision to allocate 100% of product revenue to repurchase PYTH tokens, directly linking the network's income to token demand....
