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📰 Recent News & Developments for SIGN
1. Partnership with Pi Network
Sign Protocol announced a collaboration with Pi Network during a community meetup in Seoul. The partnership focuses on digital identity and credentialing, potentially giving Sign more visibility and utility in identity verification use cases.
Analysts note that YZi Labs (Binance’s venture arm) recently invested in Sign, which adds credibility to the partnership.
2. $12M Token Buyback Initiative
One of the more prominent recent moves: the Sign Foundation completed a $12 million token buyback in August 2025. This effort removed ~117 million SIGN from circulation (via open-market and private settlements) to tighten supply and drive potential upward pressure on price.
This buyback contributed to a short-term rally, but also means future token unlocks and demand consistency will be key factors to watch.
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📉 Market & Price Dynamics
Recent Price Movement: SIGN has faced volatility. In one 24-hour span, it dropped ~5.7%, diverging from some broader crypto gains. Analysts point to profit-taking and stretched technical indicators (e.g. overbought RSI) as likely causes.
Resistance & Technical Levels: It failed to maintain above a key Fibonacci retracement level (~$0.113) after a rally, which suggests resistance.
Token Unlocks / Supply Pressure: The buyback temporarily reduced circulating supply, but looming token unlocks (e.g. 49M tokens unlocking in ~2 days according to some data) remain a risk for downward pressure.
Current Market Stats (as of latest data):
Circulating supply: ~1.35 billion SIGN
Max supply: 10 billion SIGN
Next planned unlock: ~49 million SIGN in ~2 days (≈0.49% of max supply)
All-Time High: ~$0.128 on 24 September 2025
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