IoTeX plans to launch a token repurchase program and strengthen exchange liquidity due to price fluctuations caused by temporary problems with market makers. Previously, a market maker accident briefly disrupted the trading order, causing the price of its token (IOTX) on the Binance platform to fall to near zero. Now IoTeX has announced that it will launch a token repurchase program and reach a new liquidity cooperation.
In a post on October 13 on the X platform (formerly Twitter), IoTeX confirmed that the "price zero" event that occurred on October 10-11, 2025, was related to a failure of a third-party market maker and was not the result of a protocol vulnerability. The core services of the network - including the ioPay wallet, ioTube cross-chain bridge, and DePINscan (a data scanning tool) - remain functional and user funds have not been affected in any way.
IoTeX plans to launch token repurchases and strengthen exchange liquidity to address abnormal price fluctuations
2025-10-13 04:29:18
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