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$CHIP BUYBACK ANNOUNCED AND THE PRICE PLUNGES
CHIP is down -9.36% today on $33.5M in volume, while
$ENA -0.63% and
$PENDLE -0.44% are barely moving.
What’s behind the move:
→ USD.AI announced today programmatic buybacks of CHIP using the yield from its sUSDai stablecoin, targeting net deflation… and the market is responding by selling: the price is down nearly 10% on the day.
→ Divergence: ENA -0.63%, PENDLE -0.44%… and CHIP -9.36%. The entire yield sector is flat, while CHIP sinks on its own.
→ Price action: drops → loses $0.0465 → targets $0.0451.
SHORT entry: $0.0494–$0.0499, stop $0.0502, TP1 $0.0465, TP2 $0.0451. If it recovers $0.0502, the short is over—get out.
Keep in mind: the buyback is real, but the price is still falling—the announcement doesn’t guarantee a floor. USD.AI’s goal is long-term net deflation, not a one-day bounce.
👇 Are you buying the buyback or selling the dip? Let me know in the comments.
$CHIP #Recompra #USDAI #Trading