Launch of a $14.7 million repurchase plan, OPEN surges 32% in a single day
On October 3, 2025, OpenLedger officially announced the launch of a token repurchase plan, funded by $14.7 million in corporate revenue. The plan aims to gradually repurchase OPEN tokens from the secondary market over the next six months, with the repurchased portion to be used for ecological incentives and long-term reserves. After the announcement, the market reacted strongly, with the price of OPEN tokens rising from $0.45 to $0.596 in a short period, achieving a daily increase of 32%, breaking through the resistance level of the 30-day moving average, and the Relative Strength Index (RSI) rising to 64, indicating a neutral to bullish range.
This repurchase is interpreted as a release of confidence from the project team regarding its own value, and it differs from repurchase models that rely on financing; the endorsement of corporate revenue enhances market trust. Data shows that on the day the repurchase announcement was made, trading volume surged by 477% to $305 million, far exceeding the average of the past 30 days, demonstrating the market's recognition of this initiative. However, analysts caution to pay attention to the subsequent pace of repurchase execution; if the actual repurchase scale does not meet expectations, it may trigger corrective pressure. @OpenLedger