PYTH moved sharply higher on Oct. 8, rising past $0.086 and gaining more than 12%, according to market data from HTX cited by BlockBeats. The move came alongside a governance update from Pyth DAO, which passed a proposal to use 100% of product revenue to buy more PYTH. The revenue allocation decision was the main item tied to the token’s price move in the source report. No other market metrics or trading details were provided in the original dispatch. The report was published as a short market update and focused on the price breakout level, the size of the gain, and the DAO proposal tied to PYTH buybacks.
PYTH climbed past $0.086 on Oct. 8, posting gains of more than 12%, according to HTX market data cited by BlockBeats.
On the news side, Pyth DAO passed a proposal to direct 100% of product revenue to buying more PYTH.
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