Sign Foundation Buy Back $12M SIGN Token Wey Spark 11% Rally
For August 13, Sign Foundation don finish dia first $12 million SIGN token buyback, dem spend $8 million for open market and $4 million through private transactions to buy 117 million SIGN. Transaction records show say dem buy 86.88 million SIGN for Binance at $0.0688 and 30.35 million SIGN for Bitget at $0.06778. This SIGN token buyback show confidence for the project long-term foundation and e want make the token economy strong for corporate partnerships, exchange listings, and ecosystem growth. After dem announce the buyback, SIGN price jump from $0.06904 to $0.07682—a gain of 11%—then climb reach $0.088 before e settle for $0.0747, while 24-hour trading volume jump over 400%. Traders suppose dey watch trading volume, support levels, on-chain metrics, and order book depth to check if the strength dey sustain and to find better entry points. Even though the immediate effect of the SIGN token buyback na bullish, long-term sentiment will depend on if more buybacks or new catalysts happen.
Bullish
SIGN token buyback na direct bullish signal, e don cut circulating supply and e help make price naik by 11% plus volume spike by 400%. Historically, token buybacks dey usually bring short-term momentum as traders dey see am as confidence vote. For long term, more buyback rounds or new adoption catalysts go needed to keep the gains steady. Traders still need to see this development as bullish catalyst, dey watch on-chain metrics and order book depth to know when to enter.