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]

Security Breach - UXLINK was hacked, resulting in the attacker gaining control of 490 million $UXLINK and minting an additional 2 billion $UXLINK [1] - The hacker utilized six wallets to sell a significant amount of $UXLINK on DEXes, acquiring 6,732 $ETH, equivalent to $28.1 million [1] - The hacker also sold a substantial quantity of $UXLINK on CEXes [1] Addresses Involved - The following addresses were involved in the hack: 0x78786A967ee948Aea1ccD3150f973Cf07d9864F3, 0x9212f3a4528492622A02aF8bbc59A44c6c3c3539, 0xeff9CEFDEDB2A34B9e9E371Bda0BF8db8b7eB9a7, 0x4C399a698ADdEC4Ee0eC38d1A85aBC6a09F21eDB, 0x2F1cDA819BDF52e7e138D3EC33782ec97B2A8CaE, 0x9D3b2d0E7925ED46c4a767acEbFa013F9AB7D7CD, 0xe8EBe98381D930067Bdf8C4Dd3323DFF64b59bFE, 0xdE153534428Aae1269AdC1459EbBe78bA0eA92A2 [1]