Yooldo Games said on July 9, 2026 that it is setting up a $1 million buyback fund for $ESPORTS, according to an official post on X. The company presented the move as part of a broader recovery effort for the token, yet it did not disclose when buybacks would actually be executed. The team said the timing would remain confidential to protect the strategy and reduce the risk of market manipulation.
Buyback fund confirmed, execution window kept private
The announcement came after an earlier statement on July 2, when Yooldo said the collapse was triggered by an outside market-making partner rather than by direct selling from the project itself. In the team’s version of events, a third-party OTC and market-making partner sold tokens that had been supplied for liquidity purposes outside the agreed terms. That explanation has stayed at the center of the debate. Traders now have a defined fund size, but still no clear timeline.
That missing detail matters because market conditions remain fragile. The source article cited $ESPORTS trading near $0.017 at the time of writing, down more than 10.31% over 24 hours, with a market capitalization of about $10.7 million and daily volume near $2 million. Trading activity had also dropped by nearly 70%, leaving the token in a much thinner liquidity environment than before. In that setting, the impact of any buyback depends not just on headline size, but on how and when the purchases show up.
The May collapse still defines the recovery story
The current recovery push traces back to May 25, 2026, when $ESPORTS fell roughly 93% from its all-time high near $0.81. The report said an estimated 198 million tokens hit the market in a single wave, equal to close to half of the circulating supply at the time. More than $110 million in value was wiped out. Yooldo has continued to argue that the event was not a rug pull and instead resulted from actions taken by a third-party partner handling liquidity.
Reconstructing the full path on-chain has been difficult. The tokens were reportedly moved across multiple wallets and counterparties before reaching exchanges, which has made outside verification more complicated. That is why the recovery fund, while real, is only one part of the picture. Market participants are still waiting for visible on-chain transactions that prove the buyback plan is being carried out.
What traders are watching from here
Yooldo also hinted at upcoming game updates, though no release dates were given. There is still no confirmed airdrop tied to this recovery phase. For now, attention is centered on three points: whether buyback transactions appear on-chain, whether trading volume stabilizes above current levels, and whether the promised game updates are substantial enough to shift sentiment.
The source noted that a sustained move back above the $0.03 to $0.05 range would be treated as a stronger sign that confidence is returning. At this stage, the market has confirmation that a $1 million fund exists. What it does not have yet is a timetable, proof of execution, or firm dates for the next product updates.