PANews, July 18 news, according to The Block, the decentralized hedge fund Numerai announced it will buy back $1 million worth of its own token Numeraire (NMR) from the open market. This buyback will be conducted in phases, aimed at supporting the long-term interests of participants and avoiding market volatility. Over the past year, the assets managed by Numerai have grown from $173 million to over $440 million, with the platform's monthly trading volume exceeding $1 billion, covering more than 30 markets worldwide. Currently, Numerai holds less than 3 million NMR tokens, and the buyback initiative is seen as a commitment to the ecosystem and economic balance.
