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PYTH Rises More Than 12% as Token Breaks Above $0.086

The move followed approval of a proposal to use 100% of Pyth product revenue to buy PYTH.

Metallic token tilted upward beside a transparent revenue jar / TokenPost.ai
Metallic token tilted upward beside a transparent revenue jar / TokenPost.ai

Pyth (PYTH) rose more than 12% on Oct. 8, breaking above $0.086 in a sharp short-term move that put the token in focus among traders tracking altcoin momentum.

The rally followed a Pyth DAO proposal approving the use of 100% of product revenue to buy PYTH. The decision links revenue generated by Pyth products directly to purchases of the network’s token.

PYTH’s move represents a notable gain for the asset in a single session, with the token crossing the $0.086 level during the advance.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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