Category Labs Increases MON Public Market Token Buyback Authorization to $80 Million and Extends It to End of 2026
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Category Labs Increases MON Public Market Token Buyback Authorization to $80 Million and Extends It to End of 2026
According to a post by Category Labs, Category Labs has increased the authorized amount for public-market token buybacks from its previous cap to a maximum of $80 million and extended the execution period through the end of 2026. It stated that any buyback may be initiated, suspended, or terminated at its sole discretion, subject to applicable laws and regulations. This update does not constitute a commitment to repurchase any specific number of tokens but reflects its intention to consider buybacks opportunistically based on market conditions.
Navigating Web3 tides with focused insightsTechFlow News, April 30: According to a post by Category Labs, Category Labs has increased its publicly announced token buyback authorization ceiling from the previous cap to a maximum of $80 million and extended the execution period through the end of 2026.
Category Labs stated that any buyback may be initiated, suspended, or terminated at its sole discretion, subject to applicable laws and regulations. This update does not constitute a commitment to repurchase any specific quantity of tokens but reflects its intention to consider buybacks opportunistically, based on market conditions.
Earlier, in January of this year, Category Labs tweeted that it planned to purchase up to $30 million worth of MON tokens on the open market during the first half of 2026.
