Limitless completes third $LMTS buyback in three weeks, total $150,000 repurchased
Prediction market Limitless has completed a third $50,000 LMTS token buyback, marking $150,000 of total repurchases from the secondary market over the past three weeks. The buybacks were funded by platform trading fees. The company said the latest repurchase is complete; no further details on timing or future plans were disclosed. This concentrated, short-term buyback program reduces circulating LMTS supply and signals capital return toward tokenholders, potentially supporting short-term price pressure for LMTS while relying on ongoing platform fee revenue for sustainability.
Neutral
The announced $150,000 in cumulative LMTS buybacks over three weeks is a positive signal—buybacks reduce circulating supply and can provide short-term price support for LMTS. Funding the repurchases from trading fees demonstrates an operational cash flow source rather than external capital, which is more sustainable in principle. However, the scale ($150k) is relatively small unless LMTS has a very low market cap, and Limitless provided no roadmap for ongoing or larger buyback programs. Similar small-to-moderate buybacks in crypto have produced temporary price bumps but limited lasting impact unless paired with broader utility growth or sustained repurchase commitments. Traders should view this as a modest bullish catalyst for near-term price action, but its long-term market impact is limited absent ongoing fee revenue growth or further corporate commitments. Monitor on-chain supply changes, trading volume, and any announcements on extended buyback schedules to reassess bias.