OGN Token Jumps 23% After $3M Buyback Announcement and DeFi Expansion on Binance

OGNUSDT experienced a significant 24-hour price increase of 23.39%, rising from 0.0496 to 0.0612 on Binance. This surge is primarily attributed to the announcement of Origin Protocol’s $3 million DAO-funded token buyback program, which will use protocol revenue and treasury assets to repurchase OGN from the market and distribute the tokens to stakers. The buyback initiative, alongside recent product launches such as Super OETH and the expansion of DeFi utility, has driven heightened investor interest and trading activity. Current market metrics show OGN trading at 0.0612 with strong volume and a circulating supply of approximately 703.92 million tokens, reflecting robust short-term momentum following the protocol’s strategic developments.