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. The move highlights strong community support and could boost token value further as revenue grows. Traders are watching PYTH closely due to this new revenue-backed buying mechanism.
PYTH token is trading at Rp1.401 on Pluang as of Oct 08, 2026 21:52 WIB, showing a strong 1-day gain of 9.47%. This rise contrasts with its circulating supply, which is 79% of the total 10 billion PYTH tokens. The market cap stands at Rp10.68 trillion with a 24-hour volume of Rp433.4 million, while buy orders dominate at 95%, indicating robust demand among Pluang users.
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 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 utilizi...
