Decentralized stablecoin ecosystem Resolv Protocol has dismissed speculation of internal token sales, confirming instead that it repurchased 1.6 million RESOLV tokens amid heightened market volatility.
In a June 27 statement on X, Tim Shekikhachev, Resolv’s customer success manager, clarified that the foundation did not sell any tokens during the recent downturn.
“In fact, at current levels, we are strong buyers,”
he wrote, revealing a $240,000 buyback executed over the past 24 hours at an average price of around $0.15 per token.
Seeing a lot of folks in the market look at price dynamics in $RESOLV, so it is the right moment to share facts and our team’s considerations.
Market situation.
Resolv has released 15+% token supply into the market, including airdrop, market maker inventory, incentive budget. A…— Tim Shekikhachev (@timsheki) June 26, 2025
The clarification follows a sharp decline in RESOLV’s price, which currently trades at $0.1497, marking an 11% daily drop and a 23% loss over the week. Its market capitalization has slipped to $21.09 million, a steep fall from its $31.4 million all-time high recorded on June 23.
Shekikhachev emphasized that despite short-term turbulence, Resolv remains focused on building long-term value through continuous product expansion. Launched earlier this month, the protocol’s governance and rewards token has just 17% of its 1 billion total supply in circulation. Notably, at launch, Resolv distributed 2% of its circulating supply to Binance Coin (BNB) holders via an airdrop.
Resolv’s ecosystem manages USR, its delta-neutral stablecoin pegged to the dollar, and RLP, its insurance liquidity pool. According to Dune Analytics data, the protocol currently holds over $368 million in total value locked. Recent initiatives include deeper integrations with ether.fi and P2P Validator alongside an ecosystem vault for USR.
Shekikhachev also noted that staking incentives and vault fee buybacks could fully offset RESOLV’s projected annual token emissions of $4 million, reducing inflation risks for holders.
Backed by $10 million in seed funding led by CyberFund and Maven 11, Resolv continues to position itself as an infrastructure-focused player in the multi-chain DeFi landscape, betting on sustainable growth rather than token speculation.
Meanwhile, Global crypto trading platform CoinW unveiled a pioneering Futures Protection Program to shield traders from the harsh impact of market volatility.
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