Numerai to buy back $1 million in NMR tokens as AUM tops $440 million

Hedge fund Numerai has announced a $1 million buyback of its NMR tokens from the open market, equivalent to over 110,000 tokens. The move aims to support its staking ecosystem and maintain long-term economic balance.

Numerai’s assets under management (AUM) have doubled over the past year, rising from $173 million to more than $441 million. The platform now facilitates over $1 billion in monthly trading volume across 30+ global markets. NMR plays a crucial role in the platform’s forecasting model, which leverages a global network of data scientists.

https://blog.numer.ai/numerai-kicks-off-strategic-nmr-buyback/