Fuel (FUEL) Buyback Program Starts
APR
27
Event date
Sunday 27 April 2025, UTC
Event description
- Fuel Network’s $1M FUEL token buyback program, announced on April 22, 2025, aims to repurchase $250K weekly over four weeks, signaling confidence in their ecosystem and potentially increasing token scarcity to drive value for holders.
- The initiative strengthens Fuel Network’s long-term roadmap by securing resources, likely to support their high-performance Ethereum layer-2 rollup, Fuel Ignition, which uses the FuelVM for scalable blockchain solutions, as noted on their official site.
- Token buybacks, like this one, often aim to reduce circulating supply, which can boost investor sentiment; a 2023 study in the Journal of Cryptoeconomics found that similar programs in crypto ecosystems increased token prices by an average of 15% within 30 days.
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