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Even if OP allocates half of its revenue, that is 8 million USD for buybacks, compared to the market size, it's simply insignificant. It should be noted that even if OP's stock price drops tenfold, its market cap still stands at 1.3 billion USD, with a daily trading volume reaching as high as 30 million. This means that even if OP spends half of its revenue on buybacks, it's still less than its half-day trading volume, making the buyback effort almost negligible.
From this, it is evident that buybacks without strong cash flow support are unlikely to have a substantial impact on the market; they are more about providing emotional value. In the ever-changing world of the crypto market, everyone should keep a clear head and view buyback operations rationally. If you find this analysis reasonable, don't forget to follow, bookmark, like, and comment!