Pyth Network ($PYTH) showing resilience with a 0.98% uptick to $0.0565, outpacing the broader crypto market's modest +1.29% daily gain. The upward pressure stems from two significant mechanisms working in tandem. DAO-led buyback programs ranging between $100K to $200K monthly are systematically absorbing selling pressure, effectively reducing circulating supply by approximately 7M PYTH tokens each month. Beyond these buybacks, institutional participation appears to be strengthening—a development that typically signals growing confidence in the protocol's value proposition and adoption trajectory. This combination of supply-side mechanics and institutional accumulation suggests the price recovery may have more structural support than typical relief bounces.

PYTH4.4%
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BuyHighSellLowvip
· 13h ago
Pyth's combination of buybacks and institutional entry really seems to have some substance, not just a pure rebound. With a supply tightening of 7 million tokens/month, this number looks a bit aggressive. Need to ask how sustainable this is. Be cautious when following the trend; don't get caught off guard.
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LootboxPhobiavip
· 13h ago
Pyth this time really has something, DAO buyback plus institutional bottom-fishing, supply side has support, unlike those purely speculative coins --- Wait, this increase is less than 1%, that's a bit exaggerated haha --- Institutions are entering, DAO is burning tokens, it doesn't seem like a short-term rebound, maybe there's real confidence --- 7 million tokens disappear every month? That definitely eases the circulating supply pressure a lot --- Supply-side support sounds good, but it still depends on adoption data, otherwise it's just a game of copying and pasting
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