Swarms: Intend to implement a SWARMS token buyback and burn mechanism

BlockBeats News, September 11th, the Solana-based AI agent protocol Swarm released a governance announcement, proposing to implement a SWARMS token buyback and burn mechanism, with the buyback plan to be conducted quarterly.

According to GMGN data, impacted by this, SWARMS experienced a short-term surge in market value exceeding $26 million, currently at $23 million, with a 24-hour increase of 11.5%.

BlockBeats reminds users that meme coins often lack practical use cases, have significant price volatility, and investment should be approached with caution.