Saros Foundation Announces Buyback of 100 Million SAROS Tokens, Plans to Further Expand Buyback Program

According to ChainCatcher, the Saros Foundation has responded to the recent surge in token prices through an official announcement, confirming that it has repurchased 100 million SAROS tokens (approximately $38 million) over the past few months. The foundation also stated that the buyback program will continue and its scale will be further expanded.

The foundation noted that this buyback is the direct cause of the recent increase in SAROS prices and pledged to release a detailed buyback report by the end of 2025. The specific buyback mechanism and funding sources were not disclosed in the announcement.