Official announcement of buyback, $OPEN surged 40% in a single day. OpenLedger announced the buyback on their official Twitter today, and the $OPEN token immediately soared by 40%. Unlike those short-term false hype, this buyback is backed by corporate revenue, real money. Previously, Little Octopus has been building the community, and this buyback also shows a firm stance in support of the community, taking action to support community development. Let’s dive in! ⬇️ I searched for previous information, @OpenledgerHQ has an annual corporate revenue of about $14 million. If all of this were used for buyback (which is obviously impossible), it would be an exciting thing for the community. This indicates that OpenLedger is not only talking about ecosystem growth but is also supporting it with real actions. Although buybacks are not a long-term solution, similar to projects like $JUP, using protocol revenue and corporate service income to buy back tokens represents the project party's attitude towards the community. Confidence is more valuable than gold, and I’m happy to see today’s rebound. Although it won’t happen overnight, at least the recent decline has found some support. Remember, a dogmatic and one-sided prejudice: After Post-TGE, if a project is still talking about vision and products while the coin price is not doing well, it’s not necessarily bad; it just means they really lack capability. The buyback news will temporarily stimulate market reactions, but the real takeoff should come from long-term construction and positive capital inflow. I look forward to seeing where this momentum can take $OPEN. / Author: anymose | A soft-core science writer This article is for informational purposes only and does not constitute any investment advice. Always remember to DYOR!