Pyth’s Token Buybacks: A Desperate Gamble or Masterstroke? 🤔💰

In a blog post that reeked of both ambition and desperation, Pyth revealed it would dip into its DAO’s coffers, buying tokens with one-third of its revenue. This, they claimed, would “increase revenue and token purchases”-a logic as circular as a donut in a black hole. The network added, “[I]t’s time to rewrite the market data economy on a global level,” as if the world hadn’t already been rewritten by 10,000 other crypto projects with similar bravado.





