Token buybacks spent $880M+ last year, but prices stalled anyway – one number now decides if they work

Optimism announced a 12-month token buyback program on Jan. 8, allocating 50% of Superchain revenue to monthly OP token purchases starting in February. The buyback pressure is estimated at roughly $9.1 million annually, based on the past year's 5,868 ETH in collected fees. The proposal frames the shift as a transition from pure governance token The post Token buybacks spent $880M+ last year, but prices stalled anyway – one number now decides if they work appeared first on CryptoSlate.