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 the treasury balance and required separate votes each month. With Pyth's annual recurring revenue reaching $11.5 million, the DAO's share of revenue (about 60%) will now directly fund buybacks, increasing buying pressure as revenue grows. The tokens bought back enter a reserve and cannot be sold, making the reserve a permanent accumulation of PYTH tokens. This change streamlines buybacks but removes monthly oversight by tokenholders, which could be revisited through future proposals.
As of Oct 08, 2026 21:52 WIB, PYTH trades at Rp1,401 on Pluang, showing a strong 1-day gain of 9.47%. The market cap stands at Rp10.68 trillion with a 24-hour trading volume of Rp433.4 million. Buy orders dominate at 95%, reflecting robust demand among Pluang investors, who typically hold PYTH for about 59 days.
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....
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...
