{"id":13190,"date":"2025-10-13T04:11:35","date_gmt":"2025-10-13T04:11:35","guid":{"rendered":"https:\/\/bitunikey.com\/news\/iotex-plans-token-buybacks-liquidity-boost-programs-following-binance-iotx-price-anomaly\/"},"modified":"2025-10-13T04:11:38","modified_gmt":"2025-10-13T04:11:38","slug":"iotex-plans-token-buybacks-liquidity-boost-programs-following-binance-iotx-price-anomaly","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/iotex-plans-token-buybacks-liquidity-boost-programs-following-binance-iotx-price-anomaly\/","title":{"rendered":"IoTeX plans token buybacks, liquidity boost programs following Binance IOTX price anomaly"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">IoTeX plans to launch a token buyback program and strengthen exchange liquidity after a temporary market maker issue caused irregular price movements.<\/p>\n<div id=\"cn-block-summary-block_ae69f4cc2d14e8584f9fbb6bc835c77a\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>IoTeX confirms Binance \u201czero price\u201d was a UI glitch tied to a market maker issue.<\/li>\n<li>Foundation to launch buybacks and liquidity programs to stabilize trading.<\/li>\n<li>IOTX price recovered to as users praised the team\u2019s transparent handling.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>IoTeX has announced a token buyback program and new liquidity partnerships following a market maker incident that briefly disrupted trading and sent its price to near-zero on Binance.<\/p>\n<p>In an Oct.13 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/iotex_io\/status\/1977552558052016610?s=46&amp;t=nznXkss3debX8JIhNzHmzw\" target=\"_blank\" rel=\"nofollow\">post<\/a> on X, IoTeX (IOTX) confirmed that the \u201czero price\u201d event on Oct. 10\u201311, 2025, was linked to a third-party market maker malfunction and not a protocol exploit. The network\u2019s core services \u2014 including ioPay wallet, ioTube bridge, and DePINscan \u2014 remained fully operational, and no user funds were affected.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Zero Was Not Reality. <\/p>\n<p> <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/binance?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@binance<\/a> has clarified that the \u201c0.0000\u201d <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24IOTX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$IOTX<\/a> price shown on Oct 10 was due to UI display and system issue, not real market activity. Price charts are being corrected \u2014 the first step toward full resolution. \ud83d\udcaa  <\/p>\n<p>We stand firmly with every community\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/NpEV965oUw\">https:\/\/t.co\/NpEV965oUw<\/a><\/p>\n<p>\u2014 IoTeX (@iotex_io) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/iotex_io\/status\/1977552558052016610?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">October 13, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h2 class=\"wp-block-heading\">Incident traced to liquidity glitch, not exploit<\/h2>\n<p>The team clarified that Binance had already addressed the issue, confirming it was a user interface display problem rather than an actual market crash. In its statement, Binance said the \u201c0.0000\u201d IOTX price displayed during the event resulted from reduced decimal precision on certain trading pairs, combined with extreme volatility that briefly triggered long-standing limit orders.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Binance\u2019s review also showed that its spot and futures engines functioned normally throughout the market-wide sell-off. The exchange completed compensation for users affected by de-pegging or delayed redemptions within 24 hours, totaling roughly $283 million in payouts across multiple assets.<\/p>\n<h2 class=\"wp-block-heading\">IoTeX launches recovery plan<\/h2>\n<p>Following the clarification, IoTeX said it will work closely with centralized exchanges and market-making partners to boost liquidity and prevent similar disruptions. In an effort to boost long-term holders\u2019 confidence, the foundation also announced token buybacks and community reward programs.<\/p>\n<p>The event caused IOTX to fall around 15\u201320%, from $0.015 to $0.0125, amplifying an already steep 42% weekly decline tied to broader market weakness. Trading volume surged past $24 million in 24 hours, but the token stabilized around $0.013 by Oct. 13.<\/p>\n<p>At first, the community became cautious, with some traders comparing the incident to other projects. IoTeX\u2019s openness and quick communication, however, contributed to the restoration of trust. The official account and co-founder Raullen Chai\u2019s posts emphasized that \u201cno user funds were at risk,\u201d and users later commended the team for their prompt action.<\/p>\n<p>With more than 100 projects and 40 million connected devices on its network, the incident comes as IoTeX is making a bigger shift toward AI-integrated DePIN infrastructure.. Deflationary mechanisms like Burndrop continue to reduce circulating supply, reinforcing IOTX\u2019s positioning in the expanding AI-DePIN narrative.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>IoTeX plans to launch a token buyback program and strengthen exchange liquidity after a temporary market maker issue caused irregular price movements. Summary IoTeX confirms Binance \u201czero price\u201d was a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":13191,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=13190"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13190\/revisions"}],"predecessor-version":[{"id":13192,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13190\/revisions\/13192"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/13191"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=13190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=13190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=13190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}