🔥 $PYTH is surging by more than 10%, and this time the reason is worth paying attention
Pyth DAO has approved the “100% rule” under OP-PIP-136, so that 100% of the revenues reaching the DAO from Pyth products are directed toward buying $PYTH and building the reserve, instead of the previous mechanism that relied on one-third of the unpriced PYTH balance.
The revenues that arrive as Stablecoins are used to buy from the market, while what comes directly in PYTH is added to the reserve. The reserve has reached about 42 million #PYTH .
Right now, $PYTH is trading near $0.08 with a rise exceeding 10%. If the positive momentum continues, I’m watching:
🎯 $0.08900
Then $0.10000
After that $0.11600
For me, this kind of news matters because it links product revenue growth to the accumulation of PYTH, but momentum and the price are still the most important things to confirm the continuation of the move.
Pyth DAO has approved the “100% rule” under OP-PIP-136, so that 100% of the revenues reaching the DAO from Pyth products are directed toward buying $PYTH and building the reserve, instead of the previous mechanism that relied on one-third of the unpriced PYTH balance.
The revenues that arrive as Stablecoins are used to buy from the market, while what comes directly in PYTH is added to the reserve. The reserve has reached about 42 million #PYTH .
Right now, $PYTH is trading near $0.08 with a rise exceeding 10%. If the positive momentum continues, I’m watching:
🎯 $0.08900
Then $0.10000
After that $0.11600
For me, this kind of news matters because it links product revenue growth to the accumulation of PYTH, but momentum and the price are still the most important things to confirm the continuation of the move.