One of the steps taken by cryptocurrency projects these days to revitalize their graphics is buyback programs. Aster announced this days ago and shared the wallet address where the tokens were collected by purchasing millions of dollars yesterday. Purchasing tokens that are considered oversupply in the market is a useful strategy for the recovery of the charts.
ETHFI Buyback Program
ETHFI price It increased by nearly 5 percent after the announcement. EtrherFi DAO Expressing his discomfort with the price falling below 3 dollars, he suggested that 50 million dollars from the treasury be used to buy back tokens. The governance proposal published today does not accept that the price remains below $3 and ETHFI It recommends buying as long as it stays below this price.
The altcoin, which fell 89 percent from its 2024 peak, dropped to $ 0.93 today. Revenue generating protocols have a big weapon in their hands to avoid death. Transferring protocol revenues to the buyback program can balance the weak token demand in secondary markets and push the price to the required level.
The proposal will be voted on within 4 days and the ETHFI collection process will begin after it is approved.
