# GMX DAO Completes Approximately $75,000 Buyback of 9,175 GMX Tokens

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/28314
Published: 2026-10-08T16:35:41.000Z
Updated: 2026-10-08T16:35:41.000Z
Section: Business

> 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.