CryptoMedium•9 October 2026•
1 min read
PYTH Jumps 16% as DAO Approves Revenue-Funded Token Buybacks
Key Facts
1Pyth DAO approved a policy to use 100% of network product income for recurring PYTH token buybacks.
The PYTH token price surged by 16% following a governance decision by the Pyth DAO to commit all protocol revenue toward purchasing PYTH tokens from the market. According to ambcrypto.com, the DAO approved a "100% Rule" policy to use all income generated from network products for recurring token buybacks.
The mechanism is designed to create consistent buying pressure and align protocol revenue with token value, as stablecoins received by the DAO will be exchanged for PYTH on the open market. The token maintained a bullish trend during trading on October 9, 2026, following reports that the network's active annual recurring revenue reached $11.49 million in September.