According to @lookonchain, the Assistance Fund address (0xfefefefefefefefefefefefefefefefefefefefe) has conducted an onchain buyback exceeding $1 billion, resulting in an unrealized gain of over $680 million. This is reportedly the largest onchain buyback and support bid for a crypto asset, apart from Michael Saylor’s well-documented Bitcoin (BTC) acquisitions. This massive buyback demonstrates significant market support and could influence both short-term price stability and long-term investor confidence in the associated crypto token. Onchain data suggests this move may set new benchmarks for institutional-scale support in digital assets, highlighting increased adoption and strategic positioning within the crypto market (Source: @lookonchain, Etherscan).