Gnosis Price Rises 20% After Thanefield Capital's $30M Token Buyback Offer

The crypto fund Thanefield Capital has proposed a buyback plan for the Gnosis DAO native token. The proposal aims to deploy $30 million for regular token buybacks within six months. Gnosis co-founder Martin Köppelmann supports the proposal but warns that buybacks should be tied to growth plans. Since the proposal went live, Gnosis' price has risen by over 20%, reaching a high of $320, and is now trading at $308.