This purchase corresponds to approximately 900,000 TCY, which equals about 27.9%. The goal here is not only to monitor the protocol’s debt conversion strategy but also to ensure long-term confidence and create strategic opportunities.

What is THORChain?

THORChain is a decentralized cross-chain liquidity protocol that allows users to swap assets between different blockchain networks. One of the most important innovations that has emerged in the decentralized finance (DeFi) space is the automated market maker (AMM) model.

This article may also interest you: Bloomberg Analyst Reveals Critical Levels for Bitcoin (BTC)!

What is TCY?

THORChain Yield ($TCY) was created as a token developed to solve the debt crisis that THORChain experienced for a certain period. Through Proposal 6, TCY aims to help debt creditors compensate their receivables at a rate of “1 TCY = $1”.

TCY holders can continuously receive 10% of THORChain’s revenue, which essentially turns creditors into long-term partners of the protocol.

How Will the $5 Million Buyback Work?

A total of $5 million from the THORChain treasury has been allocated for a buyback plan designed to support the TCY price and strengthen liquidity. Current progress shows that approximately 27.9% of the program has been completed, resulting in nearly 900,000 TCY being purchased. The plan includes weekly TCY buybacks worth $500,000, forming a 10-week process that can be clearly monitored through tracking channels such as Raynalytics.

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Buyback Strategy and Revenue Model

The company’s buyback initiative is fully funded by its own revenues. In particular, the fees collected from users launching new memecoins on the platform are directed toward daily token buybacks.

Over the past week, daily repurchases have ranged between $1.3 million and $2.3 million, signaling a consistent effort by Pump.fun to reduce circulating supply.

According to available data, the platform’s cumulative revenue has already surpassed $775 million. However, from July 28 to August 3, Pump.fun’s weekly revenue dropped sharply to just $1.72 million — its lowest level since March 2024.

PUMP’s Price Movement and User Growth

The buyback strategy appears to be having a positive impact. PUMP token has gained more than 12% over the past month and nearly 9% in the past week. At the time of writing, it trades at $0.003522, marking a 54% increase from its August low of $0.002282.

On-chain data also reveals a steady rise in user participation. The number of PUMP holders has surpassed 70,800, with smaller wallets holding less than 10,000 PUMP now accounting for 46% of total distribution. This trend highlights growing retail investor interest and a broader spread of token ownership.

Competition and Market Share

Despite these achievements, company has faced challenges in maintaining its dominance within the Solana memecoin launchpad ecosystem. On July 7, a rival platform called LetsBonk surpassed Pump.fun in 24-hour revenue, temporarily taking the top spot. Throughout July, LetsBonk continued to capture more market share and even outpaced Pump.fun at times.

However, data from the Solana DEX aggregator Jupiter shows that company has reclaimed the lead. In the past seven days, Pump.fun secured a 73% market share with $4.5 billion in trading volume, while LetsBonk’s share dropped below 9%, recording only $543 million in volume.

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Fetch Foundation announced a comprehensive $50 million buyback program for $FET tokens. This process will take place simultaneously on multiple cryptocurrency exchanges. The project team adopts this strategy to increase market liquidity and support the value of $FET tokens. 

With increasing use of ASI1 and our agent platform we are seeing increased utility. I believe that $fet is undervalued and I am pleased to announce that fetch foundation will be doing a $50m buyback of the $fet tokens from the market on multiple exchanges with support from our…

— Humayun (@HMsheikh4) June 19, 2025

Humayun Sheikh, CEO of Fetch.ai, stated: 

“With the rising usage of ASI1 and our agent platform, I believe the current value of $FET token is underestimated. Therefore, with the support of our market makers, we will execute a $50 million buyback. Our goal is to boost investor confidence and support the market performance of our token.” 

The buyback process is planned in line with the platform’s future growth targets. In the initial phase, $FET tokens will be collected from different exchanges, thereby reducing the circulating supply. This will also strengthen investor confidence in Fetch Foundation. 

While the program aims to create long-term value for FET token holders, it also serves as a move to reduce market volatility. The project will provide regular reports to investors with up-to-date information on the buyback process. 

Fetch Foundation continues to strengthen $FET tokens to accelerate blockchain adoption. This move will solidify the project’s ecosystem and create a competitive advantage. It will also open doors for new collaborations. 

Interest in FET tokens is expected to rise in the market. This development may increase the token’s trading volume. As a result, Fetch Foundation stands out in the sector with its strategic buyback decision. FET is currently trading at $0.689. 

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IDOL Event Details 

The IDOL presale will take place on the BNB Smart Chain, with a total of 192 million IDOL tokens allocated for campaigns. Participation conditions include holding a certain amount of Binance Alpha Points through Binance Wallet (Keyless) or Binance Exchange. Eligibility can be checked via the event page. Token distribution will be proportional to the amount subscribed by users. 

Join the 22nd Exclusive TGE on #Binance Wallet with @meet_48 (IDOL) via @PancakeSwap!

Subscription: Jun 11th, 2025, from 8AM to 10AM (UTC)
Eligible users need to use Binance Alpha Points to participate
Additional 192,000,000 IDOL for upcoming campaigns — details coming… pic.twitter.com/AiTwemQOdt

— Binance Wallet (@BinanceWallet) June 10, 2025

What is the IDOL Token? 

$IDOL is the native token of the Meet48 ecosystem. The project aims to offer an innovative platform using Web3 technologies. IDOL tokens will be used for governance and reward mechanisms within the platform. Additionally, buyback programs are planned to support the token’s value. Tokens can only be claimed during the event through Keyless wallets within Binance Wallet. External wallets will not be valid. 

Participation Conditions and Important Notes 

• Users must have accumulated Binance Alpha Points between May 15, 2025, and June 10, 2025, to participate. 
• Users should follow official announcements and make necessary preparations before the event. 
• Binance will not be responsible for technical issues or delays during the event. 
• Users are advised to beware of scammers attempting early transactions, as $IDOL tokens will not be traded in the market before the event concludes. 

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