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@harmonyprotocol Buyback of 4.44 BILLION
$ONE 🙌
“May the 4s be with you. And kill all FUD! “-
@cz_binance 🙏
Blessed!
Why 4.44 BILLION
$ONE buyback of is strongly positive for the community and Harmony 🙌
1. Deflationary supply shock — Removing nearly 1/3 of the supply (if burned) creates immediate scarcity. In a low-float, low-cap token like ONE, this often leads to significant price appreciation even with modest buying demand, because every holder’s ownership percentage effectively increases.
2. “Free” capital from the hacker — These 124
$BTC were frozen by Binance + Huobi in Jan 2023 as part of the North Korea-linked Lazarus Group loot from the 2022 Horizon bridge hack. They are recovered assets, not new issuance or dilution. Using them for buyback turns stolen funds into direct value for current
$ONE holders rather than letting them sit idle.
3. Sentiment & confidence booster — A $10M+ buyback announcement from recovered hack funds signals that the protocol is finally turning the page on the 2022 incident in a holder-friendly way. It contrasts sharply with smaller competitor moves (like Sonic’s $1M) and shows decisive action.
4. Ecosystem flywheel — Higher
$ONE price improves staking yields, makes grants/liquidity incentives more effective, and attracts new builders and liquidity to the Harmony chain. Long-term holders and the protocol treasury both win.
5. Historical precedent in crypto — Projects that have executed large buyback-and-burn programs from treasury/recovered funds (especially post-hack) have seen strong community rallies and sustained price floors.