The Clanker project used the agreement fees to repurchase approximately $65,000 worth of CLANKER tokens
Farcaster stated in a post on the X platform that the Clanker project team has used two-thirds of the protocol fees generated in the past day to repurchase approximately $65,000 worth of CLANKER tokens. The remaining one-third of the fees will be used as USDC reserves for tax purposes.
The official statement indicates that the current repurchase process is manual, with an initial execution time that is not fixed, and will be announced immediately upon completion. The process is planned to be automated in the coming weeks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Updates: Investors Move Away from Bitcoin and Ethereum ETFs While Solana and XRP See Increased Interest
- U.S. Bitcoin and Ethereum ETFs faced $5.58B in November outflows as investors shifted to Solana and XRP funds amid market selloffs. - BlackRock's IBIT led BTC outflows with $355.5M single-day withdrawals, while Fidelity's FETH attracted $95.4M ETH inflows. - Solana ETFs gained $476M since October debut, contrasting BTC/ETH declines, as analysts cite institutional profit-taking and risk-off positioning. - Recent stabilization saw $129M BTC and $78M ETH ETF inflows by Nov 25, though long-term structural ch
AI Industry's Profit Boom Fails to Ease Doubts Over High Valuations Amid Intensifying Sell-Off
- AI sector faces valuation skepticism despite strong earnings, with Nasdaq down 2.2% as investors shift to defensive stocks. - C3.ai's 26% monthly decline highlights challenges: 19% revenue drop, leadership changes, and uncertain Microsoft partnership monetization. - Decentralized GPU platforms like CUDOS Intercloud gain traction by offering cost-effective alternatives to cloud giants through smart contracts. - Palantir contrasts with 62.8% revenue growth and 40.3% net margin, leveraging NVIDIA partnershi
XRP News Today: Abu Dhabi’s Green Light Establishes UAE as a Pioneer in Stablecoin Development
- Ripple's RLUSD stablecoin gains Abu Dhabi regulatory approval as UAE advances digital finance leadership. - ADGM's "Accepted Fiat-Referenced Token" designation enables institutional use for lending and cross-border payments. - RLUSD's $1.2B market cap growth reflects institutional demand, backed by USD reserves and dual blockchain operations. - UAE's ADGM-DIFC regulatory synergy attracts global fintechs , with Ripple expanding partnerships across Africa and Asia. - Regulatory milestones position RLUSD to
Ethereum Updates: Ethereum Drops to $2,800, Prompting Surge in Demand for ZKP's Hardware-Based Presale
- Ethereum's price fell below $2,800, triggering $6.5M liquidations and testing critical support levels amid declining on-chain demand metrics. - Institutional players like BitMine accumulated 3.62M ETH (~$10.4B) despite the selloff, signaling long-term bullish conviction. - ZKP's hardware-driven presale gained traction with $17M in ready-to-ship Proof Pods and Miami Dolphins partnership for privacy-focused sports analytics. - Mutuum Finance's $19M DeFi presale and ZKP's auction model with $50K wallet caps
Trending news
MoreCrypto prices
More
