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IoTeX: Buyback program aims to recover the IOTX price after the crisis!
IoTeX announces a token buyback program to bolster liquidity following an incident with a market provider.
IoTeX: Buyback program aims to recover the IOTX price after the crisis!
On October 13, 2025 there will be news from the world of IoTeX, a network increasingly focused on AI-integrated DePIN infrastructures. IoTeX has decided to launch a token buyback program and bolster liquidity on trading exchanges to increase trust in its ecosystem. These actions are particularly relevant given a recent series of unusual price movements caused by an issue with a third-party market maker.
The platform reports on the incidents on October 10th and 11th, 2025 Crypto.news, that a “zero price” event occurred on Binance. However, this event was not an outbreak or bug in the IoTeX protocol, but rather resulted from a market speaker malfunction. IoTeX clarified that core services – including the ioPay wallet, ioTube bridge and DePINscan – remained fully functional and no user funds were affected.
Price fluctuations and market reactions
The Binance platform clarified that the price of “0.0000” IOTX was due to a user interface issue triggered by reduced decimal precision and extreme volatility. During the broad sell-off in the market, Binance’s spot and futures engines functioned normally. Within 24 hours, Binance compensated affected users, totaling approximately $283 million across multiple assets.
As a result of this event, the price of IOTX fell from $0.015 to $0.0125, contributing to a weekly decline of 42%. Despite this volatility, trading volume exceeded $24 million in 24 hours and the token stabilized at around $0.013 by October 13th. This uncertainty led to an initial cautious reaction from the community; however, IoTeX's transparency and communication helped restore user trust.
- IoTeX hat über 100 Projekte und 40 Millionen verbundene Geräte in seinem Netzwerk.
- Die Maßnahmen nach dem Vorfall könnten die Deflation von Token durch Mechanismen wie Burndrop unterstützen, um die umlaufende Versorgung zu reduzieren.
At a time when crypto markets are often characterized by unexpected challenges, IoTeX relies on innovation and community engagement to consolidate its position in the growing AI DePIN market.