The Story Foundation has announced an expansion of its buyback program to $100 million, extending the deadline to February 1, 2026. This move comes as the foundation has already completed over 60% of its initial $82 million buyback plan. The initiative aims to purchase IP tokens on the open market to reduce supply and stabilize prices following recent volatility.
Currently, IP tokens are trading at approximately $3.85, having experienced a 43% decline over the past month. Despite this downturn, the foundation's efforts are bolstered by growing institutional interest, including a significant partnership with Crypto.com to custody and stake 52.5 million IP tokens valued at $230 million. These developments are viewed as positive indicators for the token's long-term recovery.
Story Foundation Expands Buyback Program to $100M Amid Market Volatility
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