MegaETH Foundation completes first MEGA buyback

The MegaETH Foundation announced the completion of its first MEGA token buyback on May 7, 2026, utilizing all net rewards accumulated from the USDm issuer up to the end of April. The Foundation did not disclose the specific size of the buyback, which is part of a strategy to recycle USDm-related rewards back into the ecosystem rather than sending them to external stablecoin issuers. Future buybacks are planned to be automated, programmatic, and executed onchain, following a set schedule determined by market conditions and USDm supply. This initiative aims to connect usage directly to demand and maintain value within the MegaETH economy. The MEGA token launched last Thursday after a seven-day countdown tied to onchain performance milestones and was trading at approximately $0.13 at press time.

(Source：Crypto Briefing)