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The OPEN token surged 13% to $0.53 hours after the OpenLedger Foundation announced a token buyback program funded by $14.7 million in enterprise revenue, joining a growing trend of crypto projects using repurchases to stabilize prices.
Announced recently via an X post, the initiative will repurchase OPEN tokens directly from the market using the foundation’s enterprise revenue.
This move comes as a strategic effort to support both retail and institutional investors while fostering sustainable growth across the OpenLedger ecosystem. Market watchers are closely monitoring the program, as it signals OpenLedger’s commitment to proactive token management and long-term value creation.
The OpenLedger token buyback program will be directly funded through the foundation’s corporate revenue stream. According to a statement on X, “This buyback program will be supported by enterprise revenue.
$OPEN will be repurchased from the market to increase liquidity, strengthen investor confidence, and promote sustainable growth across the ecosystem.” OpenLedger previously reported $14.7 million in revenue from global enterprise projects, providing a strong financial backing for the program.
OpenLedger’s initiative reflects a growing trend within the crypto sector, where projects use token buybacks to reinforce market confidence. Recently, Sui (SUI) partnered with Ethena (ENA) to launch SUIG stablecoin with revenue allocated for buybacks.
Other projects, including MTP and ASTER, have also initiated buyback programs, demonstrating that structured token repurchases are becoming a widely adopted strategy to support value and liquidity.
Following the OpenLedger token buyback program announcement, OPEN token prices surged from $0.47 to $0.53 within hours, as per TradingView data. This price jump was accompanied by a high trading volume and a breakout above the 30-period moving average, indicating renewed investor optimism.
The positive market response underscores the effectiveness of buyback programs in generating demand and reinforcing confidence.
OPEN’s 30-day moving average at $0.478 acted as resistance during September’s downtrend. The recent crossover, coupled with a Relative Strength Index (RSI) around 64, signals bullish momentum without overbought conditions.
Analysts suggest that the OpenLedger token buyback program could sustain this upward trend if market participation continues, creating favorable supply-demand dynamics for investors.
Experts indicate that if the momentum holds, OPEN could test resistance near $0.60. Conversely, a decline in buying pressure may lead to a retest of the $0.50–$0.47 support zone.
Crypto analyst Maya Thompson commented, “The success of the OpenLedger token buyback program will largely determine the sustainability of this rally,” emphasizing the need for consistent execution.
The effectiveness of the OpenLedger token buyback program depends on systematic implementation. Analysts note that consistent token repurchases will strengthen market confidence, while inconsistent or limited activity could reduce its impact. Operational discipline will be critical to ensuring long-term benefits for both the project and its investors.
The OpenLedger token buyback program is expected to provide significant advantages, including enhanced liquidity, increased investor trust, and a more stable ecosystem.
Both institutional and retail investors can view the program as a sign of the foundation’s commitment to long-term growth, responsible governance, and proactive financial management.
In a statement, the OpenLedger team emphasized, “Our buyback program is designed to create long-term value for the community. By reducing the circulating supply, we aim to balance market dynamics and promote sustainable growth.”
Analysts agree that such initiatives historically enhance trust, encourage trading activity, and strengthen token ecosystems.
Overall, the OpenLedger token buyback program positions OpenLedger as a forward-thinking project in the evolving crypto landscape.
Leveraging enterprise revenue and a transparent strategy, the foundation aims to stabilize token prices, boost liquidity, and instill investor confidence, setting the stage for broader ecosystem development and long-term success.
