According to PANews, MegaETH Foundation announced on May 8 that it has completed its first MEGA token buyback on May 7, using cumulative net proceeds generated by the USDm issuer through April. The foundation stated that current USDm supply stands at approximately $480 million. Future buybacks will be executed through programmatic mechanisms governed by preset rules rather than discretionary timing by the foundation, with the amount available for each buyback varying based on USDm supply and underlying reserve asset yield changes.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Spark Protocol (SPK) to Unlock 27.891M Tokens Worth $10.83M on May 17
According to RootData, a Web3 asset data platform, Spark Protocol (SPK) will unlock approximately 27.891 million tokens worth $10.83 million on May 17 at 00:00 UTC.
GateNews5h ago
Aster (ASTER) to Unlock 164.67M Tokens Worth $116M on May 17
According to RootData, Aster (ASTER) will unlock approximately 164.67 million tokens worth around $116 million on May 17 at 00:00 UTC+8.
GateNews5h ago
Caldera (ERA) to Unlock 18.08M Tokens Worth $2.72M on May 17
According to RootData, Caldera (ERA) will unlock approximately 18.08 million tokens worth $2.72 million on May 17 at 3:00 PM Beijing Time.
GateNews5h ago
WorldCoin Team Transfers 30 Million WLD Worth $8.17M to BitGo Custody Today
According to Onchain Lens, WorldCoin team transferred 30 million WLD tokens worth $8.17 million to BitGo Custody address today (May 10). The wallet now holds 153.65 million WLD tokens valued at $41.35 million.
GateNews7h ago
Bittensor Rallies After ETF Filings as Capital Eyes New Tokens
Key Insights:
Bittensor surged after dual ETF filings, with volume rising sharply as institutional interest in AI crypto strengthened across markets and reinforced demand signals.
Supply cuts and high staking rates limit circulating TAO, supporting price stability while analysts project
CryptoNewsLand14h ago
Duke Lecturer Argues World Liberty Financial's WLFI Token May Be Unregistered Security
According to Lee Reiners, a lecturing fellow at Duke University and former Federal Reserve Bank of New York examiner, World Liberty Financial's WLFI token may constitute an unregistered security, in a blog post on Friday. Reiners argues
GateNews18h ago
