The Sign Foundation has made headlines by completing a significant buyback of its SIGN tokens, boosting market confidence and driving a remarkable 11% increase in token value. This strategic move, amounting to $12 million, reflects the organization’s commitment to the long-term potential of its digital asset.
Sign Foundation Completes Successful Buyback
- The Sign Foundation has finalized its first buyback of SIGN tokens.
- It acquired $8 million worth of tokens through open market purchases and an additional $4 million through private settlements.
- As a result, the price of SIGN experienced an 11% surge over the past day, amidst renewed optimism in the market.
On a strong trading day for digital currencies, the Sign Foundation confirmed the completion of its initial buyback of SIGN tokens. This initiative, costing the organization $12 million, illustrates their confidence in the future of the token.
The foundation executed the buyback in two separate transactions, purchasing $8 million worth (approximately 117 million tokens) from the open market. The remaining $4 million was secured through negotiated private agreements, a strategy aimed at minimizing market disruption from large transactions.
The First $SIGN Buyback Completed
Sign Foundation has executed a $12M buyback of $SIGN tokens:
• $8M via open market purchases → 117M $SIGN acquired (report attached)
• $4M via negotiated private settlementsOur mission is to build a resilient, sustainable, and… pic.twitter.com/COU9lWedGu
— Sign (@ethsign) August 13, 2025
With this buyback, the Sign Foundation aims to strengthen the fundamental value of SIGN and enhance community trust. The announcement emphasized their commitment to building a resilient and community-aligned token economy. They provided evidence of transactions through snapshots detailing their holdings.
Future Use of Acquired Tokens
The Foundation intends to leverage the acquired tokens for several strategic initiatives, focusing on three key areas. Firstly, it will use the tokens to secure partnerships with established public companies, potentially enhancing the visibility and utility of SIGN. Secondly, the remaining tokens will aid in promoting listings on exchanges. Finally, the Foundation plans to strengthen the SIGN ecosystem by improving user engagement.
Such initiatives are expected to boost investor confidence and stimulate long-term demand for SIGN. The buybacks are viewed as bullish signals for cryptocurrency investors, demonstrating the team’s dedication and belief in their projects.
Current Market Performance of SIGN
Following the buyback announcement, the altcoin traded positively, appreciating by 11% from $0.06904 to $0.07682 during the day. Currently, SIGN is valued at $0.7493 after a minor correction from its daily highs, with over a 400% increase in trading volume suggesting strong momentum for sustained short-term gains.
However, the overall market trend will ultimately determine SIGN’s performance. Continued price increases could lead to further upward momentum, while sudden sell-offs could negate recent gains. Positive sentiment dominates the crypto landscape as Ethereum’s stability fuels discussions about an altcoin season.
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