Astra Nova Finalizes Major RVV Token Repurchase Program Worth $2.65 Million

According to PANews on January 5th, Astra Nova has successfully concluded a substantial token repurchase initiative, acquiring over 660 million RVV tokens valued at approximately $2.65 million. This strategic move demonstrates the project’s commitment to managing token supply and strengthening RVV’s market position through a structured approach to token management.

Execution Through Multiple Channels

The repurchase operation employed a diversified strategy, leveraging both centralized exchange liquidity and direct on-chain sources to acquire the RVV tokens. Following the acquisition phase, the project implemented a systematic integration process to ensure all repurchased tokens were securely deployed onto the blockchain in a transparent and verifiable manner. This multi-channel approach provided flexibility in execution while maintaining clear visibility into each transaction.

Six-Month Lock-Up Protects RVV Supply

The acquired RVV tokens are now held in a dedicated public wallet address (beginning with 0x3449), subject to a six-month lock-up period from the integration date. During this restricted holding period, none of the repurchased RVV tokens will be released back into circulation or offered for sale on open markets. This lock-up mechanism serves a critical function: it shields RVV from immediate supply-side pressure that could otherwise impact token price stability in the near term. By committing these tokens to an extended holding period, Astra Nova is signaling its confidence in RVV’s long-term value proposition.