Meteora executes $10M MET buyback as part of revenue and value growth strategy
PositiveCryptocurrency
- Meteora has executed a $10 million buyback of its MET tokens, acquiring 2.3% of the total supply as part of its strategy to enhance revenue and return value to its stakeholders. This move reflects a proactive approach to managing its token economy and investor relations.
- The buyback is significant for Meteora as it aims to bolster investor confidence and stabilize the market value of MET tokens. By reducing the circulating supply, the company seeks to create a more favorable environment for price appreciation and long-term growth.
- This buyback aligns with a broader trend in the cryptocurrency market where companies are increasingly engaging in buyback strategies to enhance token scarcity and investor trust. Similar initiatives have been observed across various platforms, indicating a growing recognition of the importance of maintaining a robust token economy amid fluctuating market conditions.
— via World Pulse Now AI Editorial System
