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Swarms: Plans to implement SWARMS Token buyback and Burn Mechanism
GateNewsBot
SWARMS-2,43%
BlockBeats news, on September 11, the AI agent protocol Swarm on the Solana chain released a governance announcement, proposing to implement a buyback and Burn Mechanism for SWARMS tokens, with the buyback plan to be carried out quarterly. According to GMGN data, as a result, SWARMS briefly pumped its market capitalization to over 26 million USD, currently reported at 23 million USD, with a 24-hour rise of 11.5%. BlockBeats reminds users that Meme coins generally have no actual use cases, and their prices are highly volatile, so investment should be cautious.
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