DYDX just made a bold move 🎯 The protocol voted to increase token buyback allocation from 25% to 75% of revenues—a major shift in capital strategy. With market cap sitting around $200M and reduced circulating supply from recent unlock completions, this could be a game-changer for price action.



The coin climbed from $0.05 (Oct 10) to $0.32 currently, but keeps getting rejected at 0.4043 resistance. Increased buyback pressure should theoretically reduce supply overhead and attract buyers. Whether it breaks through remains the key watch—tight liquidity and alt-market sluggishness are still headwinds, but DYDX is showing how protocols use financial tools to counter bearish conditions.

Market watching closely: could inspire similar moves across the alt ecosystem.
DYDX-2,76%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin