币界网报道：Movement Token (MVT) surged 35% following its team's announcement of a strategic buyback program aimed at stabilizing prices and enhancing investor confidence. The project allocated $1 million from its treasury to repurchase tokens from the open market, reducing circulating supply and countering recent volatility. Movement Labs, the developer behind the token, stated the buybacks will continue based on market conditions, with repurchased tokens being locked for at least six months. The Layer 2 blockchain project also revealed plans to expand its ecosystem through upcoming partnerships and developer grants, targeting growth in decentralized applications. Analysts note the price rebound comes after a 60% decline from MVT's all-time high in May, attributing the drop to broader market corrections rather than project-specific issues. The token's trading volume tripled during the rally, reaching $8.7 million across major exchanges.