dYdX: Treasury SubDAO Executes $1M Buyback

dYdX Treasury SubDAO has deployed the first $1M of the 5M USDC approved under Proposal #372, purchasing tokens on the open market with further tranches scheduled over coming months.

Daily protocol revenue continues to allocate 75% toward weekday DYDX purchases, adding 1.08M tokens in September alone and channeling all flows directly back into the token.

With DYDX price at $0.15 testing upper Bollinger resistance while RSI(14) sits at 62.04, a healthy retracement to the 50-EMA support at $0.14 appears probable before continuation, supported by the MACD golden cross and EMA200 floor at $0.13. DYDX price prediction models now factor these persistent buybacks as structural demand that could tighten supply over the next quarter.