YGG Token Buyback Sparks Hope, But Price Remains Low Amidst Market Downturn

Yield Guild Games (YGG) is injecting optimism into the altcoin market with a recent $1 million buyback of its YGG tokens. The company used funds generated from their popular game, LOLLand, to acquire these tokens off exchanges. On-chain analyst Ember has reported that YGG withdrew 5.87 million YGG tokens yesterday after transferring $1 million USDT to Binance two days prior. This move suggests they are actively using revenue from the game to support token buyback activities.