I recently came across Fetch AI news about their $50 million FET token buyback. I want to understand how this move affected the circulating supply and market sentiment. Is this a real show of confidence or just a temporary hype?
It definitely boosted confidence in the short term. The price jumped over 7% after the buyback news broke and it signaled strong commitment from the team. Reducing the circulating supply can create scarcity, which investors usually like. Still for long-term impact we’ll have to see how they deliver on actual AI utility.
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