IoTeX plans to launch a token buyback and enhance exchange liquidity to address abnormal price volatility issues
Jinse Finance reported that due to a temporary issue with a market maker causing price fluctuations, IoTeX plans to launch a token buyback program and strengthen exchange liquidity. Previously, a market maker incident briefly disrupted trading order, causing its token (IOTX) price on a certain exchange platform to drop to nearly zero. IoTeX has now announced the launch of a token buyback plan and has reached new liquidity partnerships. In a post published on X (formerly Twitter) on October 13, IoTeX confirmed that the "price to zero" event that occurred from October 10 to 11, 2025, was related to a third-party market maker malfunction and was not caused by a protocol vulnerability. The network's core services—including the ioPay wallet, ioTube cross-chain bridge, and DePINscan (data scanning tool)—all remained operational, and user funds were not affected in any way.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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