Kava DAO repurchases $10 million worth of tokens, price rises by 20%. Can it last?
One of the hottest topics in the Binance community recently is Kava DAO's announcement of a $10 million token repurchase, which has led to a 20% increase in price in a short period.
Repurchases can effectively reduce market circulation, theoretically supporting the price, but some remind us that this is just a short-term effect. After all, the market still needs to watch for TVL growth and actual applications.
According to the data, Kava's current price is $0.38, market cap is $407 million, and PS ratio is 6, which is below the industry average of 8, indicating that there is indeed room for valuation.
For myself, I would view the repurchase as a short-term positive, but long-term investment still depends on whether the ecosystem can truly break $1 billion in TVL. Do you think the repurchase can lead Kava to a bull market?
