YGG Developers Execute $1M Token Buyback Amid Lingering Price Decline
Yield Guild Games (YGG) developers have completed a $1 million buyback of 5.87 million YGG tokens, according to on-chain data from Ember. The YGG buyback occurred at an average price of $0.17 per token, funded by revenue generated by the company’s blockchain gaming ecosystem. YGG’s first homegrown title, LOLLand, delivered approximately $1 million in revenue over the past 30 days. Despite this, the YGG token trades at $0.1539—down 11% in 24 hours and more than 98% below its November 2021 peak of $11.50. The token reached a low of $0.1192 in June 2023. Meanwhile, the broader crypto market remains bearish, with Bitcoin trading roughly 10% below its all-time high.
Neutral
While Yield Guild Games’ $1 million YGG buyback demonstrates developer commitment and may offer short-term price support, the token remains deeply undervalued—down over 98% from its peak. Similar buyback programs in other projects often generate brief bullish sentiment, but sustained upside usually requires broader market recovery or fundamental catalysts. Given the prevailing bearish conditions across the crypto market and Bitcoin trading 10% below its all-time high, the impact on YGG’s price outlook is likely neutral in the near term. Long-term performance will depend on consistent gaming revenue growth and overall crypto market sentiment.