BounceBit repurchased 8.87 million $BB in the past week, worth approximately $1.1682 million

According to BounceBit, the company repurchased 8.87 million $BB tokens from the open market over the past week. According to Binance market data, BB is currently priced at $0.1317, with a value of approximately $1.1682 million. The repurchase program will continue, funded by approximately $16 million in annualized protocol revenue.