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Saros Foundation disclosed the buyback of 100 million SAROS tokens, and will continue to expand the buyback scale.
ChainCatcher news, the Saros Foundation responded to the recent rise in token prices through an official announcement, confirming that it has repurchased 100 million SAROS Tokens (approximately 38 million USD) over the past few months, and stated that the repurchase plan will continue to advance and its scale will be further expanded. The foundation stated that this buyback is the direct reason for the recent rise in SAROS prices and promised to release a detailed buyback report by the end of 2025. The specific buyback mechanism and source of funds were not disclosed in the announcement.