The recent price pump in $PYTH appears to be directly fueled by the market's positive reception to the network's new tokenomics, specifically the activation of the **PYTH Reserve buyback program**. In early February 2026, the Pyth DAO executed its first buyback, utilizing 33% of monthly protocol revenue to purchase PYTH tokens on the open market, with the latest proposal (OP-PIP-91) on February 2nd approving the transfer of funds for further purchases . This creates real, sustained buying pressure and directly ties the token's value to the network's growing institutional adoption, such as its partnership with the U.S. Department of Commerce and Pyth Pro surpassing $1M in annual recurring revenue . While the broader market has been cautious and a major token unlock looms in May 2026, these concrete buyback mechanisms are providing a strong counter-narrative, rewarding holders and signaling confidence in the project's long-term revenue model .
PYTH
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