GMX DAO Reports $120,000 Buyback of 15,390 GMX, Sept. 2–8

GMX DAO says it repurchased 15,390 GMX for about $120,000 between September 2 and 8, part of an ongoing reacquisition program, though the figures come from the protocol's own report and have not been independently verified on-chain. The update was posted by GMX's official account, which attributed the weekly reacquisition to the GMX DAO. Supporters frame the recurring buybacks as a signal of protocol commitment, while skeptics note that a self-reported total, absent transaction hashes or an audited ledger, is not the same as independently confirmed execution. For related coverage, see PolyNext Awards & Conference Dubai 2026: Advancing the Global Dialogue on Plastic Recycling and Circularity. Key Takeaway GMX DAO reports repurchasing 15,390 GMX. Reported spending was about $120,000. The reporting window was September 2 to 8. The report follows earlier community moves toward revenue-linked token mechanics across DeFi, a theme also visible when Ethena put a revenue-funded ENA buyback proposal to a vote. GMX's approach differs in that its DAO reports executing reacquisitions on a rolling weekly basis rather than voting on a single program each time. For related coverage, see AINext Awards & Conference Dubai 2026: Where AI Leaders, Innovators and Decision-Makers Shape the Future of Artificial Intelligence. GMX DAO reports repurchasing 15,390 GMX According to the protocol's statement, the GMX DAO reacquired 15,390 GMX for about $120,000 during the September 2 to 8 window. GMX put the average acquisition price at approximately $7.80 for the interval, and the dollar total is rounded in the source. For related coverage, see AgriNext Awards & Conference Dubai 2026: Where Agriculture Leaders, Innovators and Investors Shape the Future of Food Systems. GMX-reported weekly repurchases 15,390 GMX GMX reports that its DAO reacquired 15,390 GMX between September 2 and 8, 2026. This is an official self-report; transaction-level execution has not been independently confirmed. GMX also reported cumulative figures for the program running March 5 through September 8: 468,590 GMX reacquired for roughly $3,000,000, representing an overall blended average of about $6.40 per token. The DAO's report is the sole source for both the weekly and cumulative totals; no independent transaction audit accompanies it. GMX-reported weekly spending ~$120,000 GMX reports approximately $120,000 in spending on repurchases between September 2 and 8, 2026. The source rounds this USD amount; exact consideration has not been independently confirmed. The protocol shared the breakdown directly through its official channel, making the post itself the primary record of the claim. The GMX DAO has reacquired 15,390 $GMX for ~$120,000 at an average of ~$7.80 between September 2–8, 2026.