Pyth Network’s PYTH Token Surges as DAO Moves to Fund Buybacks
Photo: TheCoinrise
A decentralized governance decision to direct product revenue toward PYTH purchases coincided with a sharp price rally. Pyth Network's PYTH token posted a notable rally, with reported price increases of 14% to 16% depending on the measurement window used. The gains placed PYTH among the more actively discussed tokens in crypto markets on the day of the move. The rally followed a governance decision from the Pyth DAO, the decentralized body responsible for steering the protocol's economic and operational direction.
Source: TheCoinrise
