UXLINK Announces Token Buyback Proposal, Price Rally Ahead?

Core Insights - UXLINK, an AI-based Web3 social platform, has proposed a monthly buyback of its native token, UXLINK, to enhance long-term value amid steady profitability and user growth, despite the token price lagging behind [1][2] - The buyback plan involves allocating at least 1% of the total UXLINK token supply from monthly profits, with repurchased tokens moved to Strategic Reserves [1][2] - Following the announcement, UXLINK's price increased by over 5%, indicating heightened investor interest, with the token trading near $0.01166 and a market cap rise of 5% in the last 24 hours [3] Market Context - UXLINK's buyback proposal aligns with a broader trend in the market, where total spending on token buybacks exceeded $1.4 billion by mid-October, as reported by CoinGecko [4] - Other platforms like Hyperliquid, LayerZero, and Pump.fun have also committed significant funds to reduce circulating supply, which typically leads to price surges post-announcement [4] - Historical data shows that tokens like SYRUP and TYCOON experienced substantial price increases following buyback announcements, suggesting potential for UXLINK to see a similar near-term rally if the community approves the proposal [5]