Pyth Network Plans PYTH Token Buybacks Using Protocol Revenue

[chainsniff]

Blockchain oracle provider Pyth Network announced a new reserve strategy that will use one-third of protocol revenue to buy PYTH tokens on the open market.

The purchases will be executed through the network’s DAO and held as a protocol reserve, as Pyth looks to reshape its long-term token economics.

[Abdul Khan]

LTC continues to lag behind broader market strength.

[Nahid Hossen]

Key levels will decide the next move.