HashKey Group has finally initiated its first buyback program for its HSK token following months of silence and delays. The announcement comes in response to mounting pressure from the community regarding transparency and the lack of progress on promised deflationary measures. 20% of their net profits will now be dedicated to repurchase and burning HSK tokens. The delay was attributed to ongoing efforts for regulatory compliance and international expansion. Though initially launched in November 2024 with a clear roadmap, no buyback or burn actions have been recorded until now. 1 billion total HSK tokens are in circulation with dedicated sections for ecosystem development (650 million) and team allocation (300 million). However, only minimal activity has been observed on the buyback and burn program side of the token since launch. The recent announcement triggered a decline in HSK’s price, down 11.85% within 24 hours to $0.3386 despite increased trading volume by 24.05% reaching $3.6 million. This shows heightened investor interest despite the price dip. HashKey has vowed to initiate the buyback process after stabilizing business operations and will provide updates through official channels. The community anticipates the company’s ability to deliver on its commitments in a timely manner.