Metaplex to Host Buybacks in October

Name: Buybacks
Start: 2025-10-01T00:00:00Z
End: 2025-11-01T00:00:00Z

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Metaplex reported that 50% of its monthly protocol revenue will be directed to MPLX buybacks managed by the DAO. In September, the platform generated $2.3 million in revenue — the highest level in the past seven months — primarily from token metadata activity on Solana.

Event date: October 2025 UTC

What is coin (token) burn?

A coin (token) burn is a process of sending a certain amount of cryptocurrency to a public address that has unobtainable private keys. In the future, the sent coins cannot be spent, thus the coin burn leads to an overall decrease in the cryptocurrency circulating supply.

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