USD.AI’s $1M CHIP buyback sparks 19% rally amid Elon Musk’s AI warning
Photo: AMBCrypto
USD.AI, a decentralized lending protocol that finances AI infrastructure, including GPUs, by providing dollar-denominated liquidity, is in the news. And, this time, it was because of its native governance token, $CHIP, that surged 19% following USDAI's disclosure of a $1 million token buyback. At the same time, volume spiked up by 331%, and it was equivalent to more than 70% of the token's market cap. In fact, at press time, $CHIP was trading at $0.05058 after a hike of 8.9% in the past 24 hours.
Source: AMBCrypto
