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Details: ht
Recently, a highly followed encryption project has taken a series of striking measures to stabilize its Token price. In just 5 hours, the project party purchased 3.81 million Tokens on a Decentralized Exchange (DEX) for $798,000. Meanwhile, they also sent a total of 6.92 million Tokens to a Burn Address for permanent destruction.
The core highlight of this series of operations lies not only in its immediate impact on the market but also in the long-term commitment signal it conveys. The project party has set a buyback price of $0.21, and these funds come from the ongoing operational costs of the protocol, rather than a one-time external investment. This means that as long as the project continues to operate, the deflationary effect will persist, providing a certain psychological support for long-term holders.
However, for short-term traders, it is important to maintain a clear judgment. Even projects endorsed by celebrities essentially seek profits in the crypto market. Therefore, investors should make decisions based on objective analysis and not overly rely on the influence of any individual or group.
This event highlights the new strategies adopted by project parties in the crypto assets market, enhancing investor confidence through transparent buyback and burn mechanisms. However, it also reminds us that in this highly volatile market, rational analysis and risk management are always crucial.