$HOME Token Surges on Defi App Buyback Claim

The price of Defi App's $HOME token has been rising significantly, up 13.3% over the past 24 hours to around $0.0116.

This surge is attributed to a tokenomics claim made by the protocol, which states that 80% of its revenue will be used to buy back $HOME tokens every week directly on-chain since launch.

This announcement has reshaped the Defi App price prediction models overnight and lines up with the broadening wedge structure covered in a recent HOME price prediction breakdown.

The token's circulating supply is approximately 4.3 billion out of its total 10 billion tokens, with 99.87% held by the top 100 wallets, including eight whale wallets controlling 95.68% and one wallet owning 38.05% unlinked to any known exchange.