IoTeX plans to launch a token buyback and enhance exchange liquidity to address abnormal price volatility issues
Jinse Finance reported that due to a temporary issue with a market maker causing price fluctuations, IoTeX plans to launch a token buyback program and strengthen exchange liquidity. Previously, a market maker incident briefly disrupted trading order, causing its token (IOTX) price on a certain exchange platform to drop to nearly zero. IoTeX has now announced the launch of a token buyback plan and has reached new liquidity partnerships. In a post published on X (formerly Twitter) on October 13, IoTeX confirmed that the "price to zero" event that occurred from October 10 to 11, 2025, was related to a third-party market maker malfunction and was not caused by a protocol vulnerability. The network's core services—including the ioPay wallet, ioTube cross-chain bridge, and DePINscan (data scanning tool)—all remained operational, and user funds were not affected in any way.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Apple (AAPL.US) nears a 5 trillion USD market capitalization, targeting Nvidia: the 1,999 USD foldable screen Duo becomes a critical battle.
Apple (AAPL.US) has unveiled its new iPhone, which could be the ticket for this consumer tech giant to reclaim its position as the most valuable company by market capitalization. The company is not far from reaching this goal.
Facebook and Instagram under Meta (META.US) experienced outages affecting thousands of users in the US last Sunday.
Thousands of users in the United States were unable to access Meta’s social platforms Facebook and Instagram last Sunday.
The Nasdaq 100 rebalancing will take effect before the U.S. stock market opens on Monday, SpaceX (SPCX.US) weight significantly rises to 2.82%.
The Nasdaq 100 Index quarterly rebalancing will take effect before the US stock market opens on September 21 (Monday). The main change is that SpaceX (SPCX.US) will see its index weighting significantly increase from about 1.28% to 2.82%.
WTI falls to near $93.50 as Middle East diplomacy hopes ease supply fears
Crypto prices
More
