Pyth Network price jumps 14%: Why is PYTH rising?

cryptonews10-09

Pyth Network price has surged more than 14% to $0.08605 on Friday, October 9, after its decentralized autonomous organization (DAO) approved a plan to direct all eligible product revenue toward buying...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPyth Network price jumps 14%: Why is PYTH rising?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-09 17:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/why-is-pyth-network-price-rising/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pyth Network price has surged more than 14% to $0.08605 on Friday, October 9, after its decentralized autonomous organization (DAO) approved a plan to direct all eligible product revenue toward buying...</p>\n\n<a href=\"https://crypto.news/why-is-pyth-network-price-rising/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4506","symbol_name":"内地教育股","start_time":0,"source_url":"https://crypto.news/why-is-pyth-network-price-rising/","article_id":"2674830727","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/why-is-pyth-network-price-rising/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2674830727","pubTimestamp":1791538402,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Pyth Network price has surged more than 14% to $0.08605 on Friday, October 9, after its decentralized autonomous organization  approved a plan to direct all eligible product revenue toward buying PYTH tokens on the open market.Pyth Network price climbed 14.20% to $0.08605, with daily trading volume reaching approximately $119 million.Pyth DAO approved allocating 100% of eligible product receipts toward PYTH purchases under OP-PIP-136 governance.Pyth Network price jumps after DAO approves 100% buybacks. The Pyth DAO has approved proposal OP-PIP-136, which changes how revenue received from its data products is used to purchase the network’s native token.Pyth Network announced the decision on October 8, confirming that 100% of funds received by the DAO from eligible products will now be allocated to accumulating PYTH in its reserve. Previously, monthly purchases were based on one-third of the DAO’s non-PYTH treasury balance and required a separate governance vote.Pyth confirmed that acqui","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4506":"内地教育股","BK7129":"钢铁","ODDS":"Pacer BlueStar Digital Entertainment ETF","EMA":"Emera Inc.","ARR.AU":"American Rare Earths Ltd","BK4510":"在线教育","ODDZ":"Corgi Sports Betting & Gambling ETF","BK4204":"教育服务","REM":"房地产按揭贷款ETF-iShares","ARR":"ARMOUR住宅房地产公司","EMA.AU":"EMINENCE MINERALS LTD","BK7095":"多种金属与采矿","RSI":"Rush Street Interactive, Inc.","DAO":"有道","BK4150":"赌场与赌博","BETZ":"Roundhill Sports Betting & iGaming ETF","BK4081":"电力公用事业","BK4110":"抵押房地产投资信托","MORT":"VanEck Mortgage REIT Income ETF"},"translate_title":"Pyth网络价格上涨14%：Pyth为何上涨？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EMA.AU":1,"REM":0.6,"MORT":0.6,"ARR":1,"ODDZ":0.6,"RSI":1,"DAO":1,"BETZ":0.6,"EMA":1,"ODDS":0.6,"ARR.AU":1},"content_text":"Pyth Network price has surged more than 14% to $0.08605 on Friday, October 9, after its decentralized autonomous organization (DAO) approved a plan to direct all eligible product revenue toward buying PYTH tokens on the open market.\n\n\nSummary\n\n\n\nPyth Network price climbed 14.20% to $0.08605, with daily trading volume reaching approximately $119 million.\nPyth DAO approved allocating 100% of eligible product receipts toward PYTH purchases under OP-PIP-136 governance.\nPyth reported $11.5 million in annual recurring revenue for September, up 86% quarter over quarter.\nPYTH faces resistance between $0.086 and $0.090, while its RSI stands near the overbought threshold.\n\n\n\nAccording to CoinGecko, PYTH recorded approximately $119 million in 24-hour trading volume, with activity rising more than 287% from the previous day. The token gained 11.27% over seven days, while its market capitalization reached approximately $677 million, placing it among the 100 largest cryptocurrencies. \nMeanwhile, the buying activity followed the Pyth DAO’s October 8 announcement of a new revenue allocation policy known as the “100% Rule.”\nPyth Network price jumps after DAO approves 100% buybacks\nThe Pyth DAO has approved proposal OP-PIP-136, which changes how revenue received from its data products is used to purchase the network’s native token.\nPyth Network announced the decision on October 8, confirming that 100% of funds received by the DAO from eligible products will now be allocated to accumulating PYTH in its reserve. Previously, monthly purchases were based on one-third of the DAO’s non-PYTH treasury balance and required a separate governance vote.\n\nIntroducing The 100% Rule.Every dollar the Pyth DAO receives now buys PYTH each month 🧵 pic.twitter.com/e4O3Gow1ze— Pyth Network 🔮 (@PythNetwork) October 8, 2026\n\nThe revised arrangement establishes permanent authorization for purchases without requiring another vote each month. Funds received in stablecoins will be used to buy PYTH on the open market, while payments received directly in PYTH will move into the reserve.\nThe policy covers revenue received by the DAO from Pyth Pro subscriptions, Listing as a Service, the Data Marketplace and Pyth Indices. It extends to eligible non-PYTH assets already held in the treasury.\nUnder the existing revenue-sharing arrangements, approximately 60% of revenue from DAO-owned products reaches the organization. The new policy applies to the funds received by the DAO, not every dollar earned across the entire network.\nThe buybacks will continue through a pre-authorized council, which handles market purchases under established rules. Individual transactions remain subject to a $25,000 limit and a maximum permitted slippage of 5%, with purchases recorded on-chain.\nPyth confirmed that acquisitions under the new authorization began on September 30. Its October 8 announcement placed reserve holdings at approximately 42 million PYTH, although an earlier section of the same announcement referred to 41 million tokens.\nUnlike token-burning programs, the Pyth Reserve retains the purchased assets in the DAO’s treasury. The organization has described the reserve as a resource for supporting contributors, developers and future network activities.\nPyth reports $11.5 million in annual revenue as adoption grows\nThe governance decision follows stronger revenue figures from Pyth’s expanding financial data business.\nIn its September report, Pyth recorded $11.5 million in annual recurring revenue (ARR), representing growth of approximately 86% from the previous quarter. The figure increased from $10.4 million in August, supported by additional paying customers and subscriptions.\n\nQ3 was Pyth's biggest quarter yet 📈$11.5M in ARR, up 86% from Q2.276 paying clients, up over 220% in a single quarter. pic.twitter.com/hwl3M4Zj8q— Pyth Network 🔮 (@PythNetwork) October 8, 2026\n\nAnnual recurring revenue measures the annualized value of recurring business at a given point. It does not represent revenue already collected by the DAO or the amount available for immediate token purchases.\nPyth Indices contributed $1.81 million in fixed ARR, while the network expanded its market data coverage to more than 3,811 symbols through Pyth Pro.\nThe company reported 129,265 monthly active users for Pyth Terminal in September, an increase of 44% from the previous month. Pyth operates data services for trading platforms, prediction markets and financial institutions requiring regularly updated market prices.\nIts commercial services have expanded into traditional financial markets. In June, Nasdaq began providing market data through Pyth Network, allowing blockchain applications to access information from Nasdaq’s TotalView order book.\nPyth’s September report confirmed approval to distribute Nasdaq Basic data through its marketplace, covering U.S. equity prices and trading information.\nThe network has partnerships with platforms including Polymarket and Kalshi, which use Pyth data for financial market contracts. In April, Polymarket expanded its stock and commodity markets using Pyth price feeds for contract settlement.\nAccording to Pyth, more than 94% of tracked real-world asset perpetual futures trading volume during the previous three months relied on its pricing data. The company reported that those markets generated more than $2 trillion in trading volume during the quarter.\nPyth Network price technical analysis: Can PYTH reach $0.10?\nPyth Network price remains above its major exponential moving averages following the latest rally, although buyers face resistance around 0.086–0.090.\nOn the supplied daily chart, PYTH traded at $0.08528, gaining 5% during that candle. Its 20-day exponential moving average (EMA) stood at $0.07433, while the 50-day EMA was positioned at $0.06444.\nThe 100-day and 200-day EMAs were at $0.05670 and $0.05562, respectively. The price’s position above all four averages indicates that its recent recovery has carried it beyond short-, medium- and longer-term trend levels.\nPyth Network (PYTH) price chart, source: TradingView\nThe first resistance area sits between $0.086 and $0.090, where previous trading activity showed selling interest. A confirmed daily close above $0.090 would strengthen the bullish technical case and place the psychological $0.10 level in focus.\nHowever, a rejection around $0.090 could bring attention back to the 20-day EMA at $0.07433. A break below that average would leave the 50-day EMA near $0.06444 as the next potential support level.\nMomentum indicators suggest the rally is approaching a level where buying pressure may become harder to sustain.\nThe Relative Strength Index (RSI) stood at 68.47, slightly above its moving average of 68.03 and approaching the commonly watched overbought threshold of 70.\nAn RSI near 70 indicates strong recent buying momentum, although it does not establish that an immediate reversal will occur. The indicator can remain elevated during sustained upward trends.\nPYTH remains well below its historical peak of $1.20 despite the recovery. CoinGecko’s market data places the token approximately 93% beneath that level, while its all-time low remains $0.02953.\nTrading volume rises as PYTH tests resistance\nThe sharp rise in trading activity accompanied the governance announcement, with CoinGecko recording more than $118 million in transactions over 24 hours and a daily volume increase of approximately 287%.\nThe token’s circulating supply stood near 7.9 billion PYTH, with a market capitalization of approximately $675 million during the later CoinGecko check. Its ranking had risen to 99th among tracked cryptocurrencies.\nPYTH has previously recorded strong trading activity following exchange listings and institutional developments. In January, the token rallied following its Robinhood listing, rising more than 17% shortly after the U.S. brokerage confirmed support.\nThe current buyback program introduces a different source of token demand because purchases will depend on the DAO’s eligible product receipts. Pyth has not committed to purchasing a fixed dollar amount of tokens each month.\nMike Cahill, CEO of Douro Labs and a core contributor to Pyth Network, described the governance decision as a way to connect the network’s commercial activity with its reserve.\n\n“The DAO committing all of it to the Reserve is the strongest alignment this network has had,” Cahill said in the October 8 announcement.\n\nThe DAO will continue publishing acquisition records on-chain and reporting purchases monthly. Its approved controls retain the $25,000 transaction limit, 5% slippage restriction and existing procedures for routing trades through aggregators.\n\n\n  \n\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        \n\n\n\n\n\n\n                Read more:\n            \n\n                Crypto firms turn to Anthropic AI to find security flaws","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.50.1","shortVersion":"4.50.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2674830727","isCrawlerRequest":true}