OGN Token Jumps 18% as $3M Buyback Program and New Products Drive Investor Interest

OGNUSDT experienced a significant price increase of 18.06% over the last 24 hours, rising from 0.0504 to 0.0595 on Binance. This price surge is primarily attributed to the announcement of Origin Protocol’s $3 million token buyback program, which will use DAO treasury assets and protocol revenue to repurchase OGN tokens from the market, starting by July 4, 2025. The buyback initiative, approved by the community, is designed to reduce circulating supply and deliver returns to OGN stakers, directly linking token value to protocol revenue. Additional positive momentum has come from recent product launches, such as Super OETH, and expansion to Ethereum Layer 2s, which have increased investor interest and utility for the token.

Currently, OGN trades at 0.0595 on Binance with a 24-hour trading volume ranging from $7.10 million to $30.28 million, a market cap of approximately $43.81 million, and a circulating supply of 703.92 million OGN out of a 1.41 billion maximum. Despite the recent price rally and a Fear & Greed Index of 65 (Greed), technical indicators remain predominantly bearish, reflecting ongoing volatility in the broader market.