Investors bet on Swarms' token destruction strategy
Source: CoinWorld
Time: 2025-09-11 12:17:39
Swarms Protocol, an AI proxy protocol on Solana, has launched its quarterly repurchase and destruction program for SWARMS tokens, aiming to reduce supply and increase value. After the announcement, SWARMS price rose 11.5% in 24 hours, with a market cap of about $23 million, but is still 96.3% below its all-time high of $0.6145. This deflation strategy aims to enhance scarcity and investor confidence amid market volatility.