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Today $sato carried out its first truly official support and stabilization.
A major wallet in the front row made a shipment at noon (buying at a high price and losing over 200,000, then running away).
Initially, the price was driven down by them, then retail investors saw the major wallet selling and followed suit to dump.
The price rapidly dropped to the official buyback price, triggering the buyback mechanism.
This mechanism has been explained before: when the official price is higher than the secondary market price, users will naturally choose to sell through official channels.
Since the official minting has not ended, tokens are not burned, but because the mint price is higher than the secondary market price, no one mints.
Therefore, the tokens bought back by the official are effectively locking away a portion of the tokens in circulation in the short term, reducing circulation and helping stabilize the market price.
Even though Sato has not yet fully minted and cannot be burned, this mechanism still functions similarly to a burn.