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Pyth Network Launches PYTH Reserve, Token Price Increases 4%
Pyth Network has launched the PYTH Reserve, which uses protocol income for monthly open-market purchases of the PYTH token. This announcement led to a 4% increase in the token's price, now around $0.06698.
PYTH Reserve Mechanism
- Pyth’s revenue comes from Pyth Pro, Pyth Core, Pyth Entropy, and Pyth Express Relay.
- One-third of the DAO Treasury's balance is used monthly to buy PYTH tokens.
- The purchase method averages the entry price over time and scales with network growth.
- Quarterly pricing checks by the Pythian Council ensure competitive pricing and fee adjustments.
Market Opportunity
- Institutions spend nearly $50 billion annually on financial data.
- If Pyth captures 1% of this market, it could generate $500 million yearly, enhancing the PYTH Reserve.
PYTH Token Price Action
- The token shows potential breakout from a falling wedge pattern on its daily chart.
- A successful breakout may target $0.12, with potential rally to $0.16-$0.18.
- Failure to break out could see price retreat to support around $0.05.

Bitcoin Hyper Project
- Bitcoin Hyper (HYPER) aims to enhance Bitcoin transactions with a Layer 2 solution.
- The project is currently in presale, having raised over $29.3 million.
- HYPER token priced at $0.013415, used for gas fees, staking, and DeFi tools within its ecosystem.