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Gnosis Price Rises 20% After Thanefield Capital's $30M Token Buyback Offer

Gnosis Price Rises 20% After Thanefield Capital's $30M Token Buyback Offer

CointimeCointime2024/05/20 12:04
By:Cointime

The crypto fund Thanefield Capital has proposed a buyback plan for the Gnosis DAO native token. The proposal aims to deploy $30 million for regular token buybacks within six months. Gnosis co-founder Martin Köppelmann supports the proposal but warns that buybacks should be tied to growth plans. Since the proposal went live, Gnosis' price has risen by over 20%, reaching a high of $320, and is now trading at $308.

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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.

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