$OGN š +89% per day. The reason isnāt hype, but a buyback. But thereās a catch.
OGNās price has risen to 27.37 million. The price has held above EMA7 (0.03457) and EMA99 ($0.02697). RSI on the 15-minute chart is 92.8 (an extreme overbought zone)
Origin Protocol buys back its own tokens using the protocolās revenues. Since 2025, more than 111 million OGN have been repurchasedāthis is 16.2% of the circulating supply. The monthly buyback pace is 4.6ā6 million tokens. All of the protocolās income (20% fees from yield products) is directed to buying back OGN and distributing it among xOGN stakers.
47% of the circulating supply is staked in xOGN. The maximum APR for positions locked for a year is ~50% per year, funded exclusively by protocol fees, with no new emissions.
Rebranding to RWA. In 2026, Origin completed the merger of OGN and OGV tokens, unifying governance and the right to income into a single token. The project pivoted from NFTs to real-world assets (RWA) and multichain DeFi.
On October 8, there were no new announcements, partnerships, or updates. The 89% rise is a reaction to the already-known buyback program combined with the broader altcoin rally. RSI at 92.8 indicates extreme overbought conditions. Chasing the price at these levels is dangerous.
#OGN #OriginProtocol #RWA #DeFi
OGNās price has risen to 27.37 million. The price has held above EMA7 (0.03457) and EMA99 ($0.02697). RSI on the 15-minute chart is 92.8 (an extreme overbought zone)
Origin Protocol buys back its own tokens using the protocolās revenues. Since 2025, more than 111 million OGN have been repurchasedāthis is 16.2% of the circulating supply. The monthly buyback pace is 4.6ā6 million tokens. All of the protocolās income (20% fees from yield products) is directed to buying back OGN and distributing it among xOGN stakers.
47% of the circulating supply is staked in xOGN. The maximum APR for positions locked for a year is ~50% per year, funded exclusively by protocol fees, with no new emissions.
Rebranding to RWA. In 2026, Origin completed the merger of OGN and OGV tokens, unifying governance and the right to income into a single token. The project pivoted from NFTs to real-world assets (RWA) and multichain DeFi.
On October 8, there were no new announcements, partnerships, or updates. The 89% rise is a reaction to the already-known buyback program combined with the broader altcoin rally. RSI at 92.8 indicates extreme overbought conditions. Chasing the price at these levels is dangerous.
#OGN #OriginProtocol #RWA #DeFi