Sign Foundation $12M SIGN Token Buyback Sparks 11% Rally
On August 13, Sign Foundation completed its first $12 million SIGN token buyback, spending $8 million on the open market and $4 million through private transactions to acquire 117 million SIGN. Transaction records show purchases of 86.88 million SIGN on Binance at $0.0688 and 30.35 million SIGN on Bitget at $0.06778. This SIGN token buyback demonstrated confidence in the project’s long-term fundamentals and aims to bolster its token economy for corporate partnerships, exchange listings, and ecosystem growth. Following the buyback announcement, SIGN surged from $0.06904 to $0.07682—an 11% gain—and then peaked at $0.088 before settling at $0.0747, while 24-hour trading volume jumped over 400%. Traders should monitor trading volume, support levels, on-chain metrics, and order book depth to assess sustained strength and potential entry points. Although the immediate effect of the SIGN token buyback was bullish, long-term sentiment will depend on additional buybacks or fresh catalysts.
Bullish
The SIGN token buyback is a direct bullish signal, having cut circulating supply and fueled an 11% price rally and 400% volume spike. Historically, token buybacks often lead to short-term momentum as traders interpret them as a vote of confidence. In the long term, further buyback rounds or fresh adoption catalysts will be needed to sustain gains. Traders should nonetheless view this development as a bullish catalyst, watching on-chain metrics and order book depth to time entries.