Add as a preferred source on GoogleGMX DAO Completes Approximately $75,000 Buyback of 9,175 GMX Tokens
The weekly purchase brings GMX DAO’s cumulative buybacks since March 2026 to 498,831 GMX tokens acquired for approximately $3.24 million.
GMX DAO completed a weekly buyback of 9,175 GMX tokens for approximately $75,000, extending a recurring purchase program that has acquired nearly 500,000 tokens since March 2026.
The latest transaction, completed last week, averaged approximately $8.17 per token. Cumulative buybacks now total 498,831 GMX tokens, with spending of approximately $3.24 million.
The blended average purchase price across the acquisitions is about $6.50 per token.
GMX is a decentralized trading platform for cryptocurrency trading with leveraged options. Its DAO oversees the buyback initiative through its governance operations, including efforts to manage token supply and market dynamics.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.