Saros Foundation Announces Buyback of 100 Million SAROS Tokens, Plans to Further Expand Buyback Program
According to ChainCatcher, the Saros Foundation has responded to the recent surge in token prices through an official announcement, confirming that it has repurchased 100 million SAROS tokens (approximately $38 million) over the past few months. The foundation also stated that the buyback program will continue and its scale will be further expanded.
The foundation noted that this buyback is the direct cause of the recent increase in SAROS prices and pledged to release a detailed buyback report by the end of 2025. The specific buyback mechanism and funding sources were not disclosed in the announcement.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
IoTeX achieves full MiCA compliance across all 27 EU member states
The Bhutanese Government has pledged to use 10,000 bitcoins to build the "City of Mindfulness."
Bhutan pledges to invest 10,000 bitcoin to develop a "Mindfulness City"
Trending news
MoreCrypto prices
More
