Whale Factor
Whale Factor|Oct 21, 2026 14:11
🐋 WHALE WATCH: @grvt_io has completed its first token buyback, purchasing 1.1M ethereum:0xad29f2723fcdbcf665f210f25e06f97477e417cf on the open market and permanently burning the supply. The amount represented close to 1% of circulating supply at the time of purchase, with future buybacks intended to take place monthly on a discretionary basis. Each completed round will also be published through a public dashboard showing the amount purchased, percentage of circulating supply, cumulative burns and onchain transaction hashes. The buyback opens a broader GRVT 2.0 rollout, with Earn, Stable Funding Perps, Yield as Margin and a redesigned app all planned over the coming weeks. Starting the roadmap with a completed buyback rather than a future commitment gives the 2.0 rollout a pretty clear opening signal.
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