GMX DAO continues its systematic token buyback campaign, having now repurchased over 384,000 GMX tokens for approximately $2.4 million at an average price of $6.25. The buyback machine in detailSince March 5, 2026, the GMX DAO has repurchased 313,650 GMX tokens for approximately $1.965 million, averaging $6.27 per token. One particularly notable weekly buyback occurred from June 24 to 30, when 23,280 GMX were acquired for $125,000. The DAO redirected 27% of protocol fees, money that was traditionally distributed to GMX stakers as yield, toward these open-market buybacks. Liquidity reshuffling and Solana expansionThe DAO has signaled plans to withdraw approximately 600,000 GMX tokens from external decentralized exchange liquidity pools.