PYTH climbed about 14% on Oct. 9, trading near $0.086 after Pyth DAO approved a new revenue policy that directs all eligible product receipts received by the DAO toward accumulating the token. CoinGecko data cited in the report showed roughly $119 million in 24-hour trading volume, up more than 287% from the previous day.

The move followed the DAO’s Oct. 8 announcement of OP-PIP-136, described as a “100% Rule.” Under the change, stablecoin receipts from eligible products are to be used to buy PYTH on the open market, while payments already made in PYTH are to be transferred into the DAO’s reserve.

New policy replaces monthly approval process

Pyth said the new arrangement changes the way revenue from certain data products is handled. Previously, monthly purchases were based on one-third of the DAO’s non-PYTH treasury balance and required a separate governance vote each month. The updated structure provides standing authorization for purchases instead of repeating that process.

The policy applies to revenue the DAO receives from Pyth Pro subscriptions, Listing as a Service, the Data Marketplace and Pyth Indices. It also covers eligible non-PYTH assets already held in the treasury. Pyth said this does not mean every dollar generated across the broader network is used for buybacks: under existing revenue-sharing terms, about 60% of revenue from DAO-owned products reaches the DAO.

Purchases are executed through a pre-authorized council under existing controls. Individual transactions remain capped at $25,000 with maximum slippage set at 5%, and the acquisitions are recorded on-chain. Pyth said buying under the new authorization began on Sept. 30.

Reserve grows, but tokens are not being burned

The bought tokens are not removed from supply through a burn program. Instead, they are placed in the Pyth Reserve, which remains part of the DAO treasury. Pyth has described that reserve as a resource that can support contributors, developers and future network activity.

In its Oct. 8 announcement, Pyth put reserve holdings at about 42 million PYTH, although another section of the same announcement referred to 41 million tokens. The report noted that the new policy is meant to connect product revenue more directly with reserve accumulation rather than committing to a fixed monthly purchase amount.

Mike Cahill, chief executive of Douro Labs and a core contributor to Pyth Network, said in the announcement that the decision strengthens the link between the network’s commercial activity and its reserve.

Revenue growth and product expansion set the backdrop

The governance decision came after stronger business metrics from Pyth’s data services. In its September report, Pyth said annual recurring revenue reached $11.5 million, up about 86% from the prior quarter and above the $10.4 million reported in August. The article noted that ARR is an annualized measure of recurring business and not the same as cash already collected by the DAO or funds immediately available for token purchases.

Pyth said Pyth Indices accounted for $1.81 million in fixed ARR, while Pyth Pro expanded market coverage to more than 3,811 symbols. The network also reported 129,265 monthly active users for Pyth Terminal in September, a 44% increase from the previous month.

Its commercial push has also extended into traditional market data. The report said Nasdaq began supplying market data through Pyth in June, and that Pyth later received approval to distribute Nasdaq Basic data through its marketplace. Pyth also highlighted work with platforms including Polymarket and Kalshi, and said more than 94% of tracked real-world asset perpetual futures volume over the prior three months used its pricing data.

Price tests resistance as momentum strengthens

Alongside the rally, PYTH’s market capitalization was reported around $675 million to $677 million, with the token ranking among the 100 largest cryptocurrencies by market value. Over seven days, the token was up 11.27%, according to the source report.

The article said PYTH was trading above its 20-day, 50-day, 100-day and 200-day exponential moving averages, a sign that the recent recovery had moved beyond several commonly watched trend levels. At the same time, it identified resistance between $0.086 and $0.090, an area where previous selling had emerged.

The Relative Strength Index was cited at 68.47, close to the commonly watched overbought threshold of 70. According to the report, a daily close above $0.090 would strengthen the bullish technical case and bring $0.10 into focus, while a rejection near that zone could shift attention back toward the 20-day EMA near $0.07433. Pyth has said it will continue publishing acquisition records on-chain and reporting purchases monthly, making those updates the next confirmed checkpoint for the new policy.

Source: crypto.news