Multiple Network Launches MTP Token Swap with $1 Million Buyback - Strategic Recovery After Market Maker Exodus
Multiple Network triggers emergency protocol with massive token swap and seven-figure buyback program.
The Cleanup Operation Begins
Following a sudden market maker withdrawal that rattled investors, Multiple Network deploys aggressive countermeasures. The platform initiates an immediate MTP token swap while committing $1 million to stabilize the ecosystem.
Buyback Blitz Activated
The million-dollar repurchase plan kicks into high gear, targeting strategic accumulation during the post-dump volatility. Market makers may have jumped ship, but the project's treasury just deployed its lifeboats.
Tokenomics Overhaul
The MTP swap mechanism completely refreshes the token distribution model, cutting out weak hands and rewarding diamond-handed holders. Because nothing says 'we're serious' like burning tokens while buying others.
Another day, another crypto project proving that in decentralized finance, the only thing more predictable than market makers dumping is teams using investor money to buy back what was just sold - the circle of crypto life continues spinning.
Buyback plan and legal action
To restore confidence, the team committed to repurchasing at least $1 million worth of MTP within 12 months. Between $50,000 and $100,000 will be bought back monthly during the first six months, with the scale for months seven to twelve determined by market conditions.ย
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The original $MTP token was compromised after a third-party market maker unlocked and dumped tokens, polluting the supply.
To protect the community and ensureโฆ pic.twitter.com/3soF3CfISk
In addition, all funds recovered through legal action against the market maker will be used for further buybacks. The team noted that judicial proceedings have reached a critical stage and updates will follow once disclosure is permitted.
Timeline of the crisis
The breach surfaced on Sept. 23 when community managers confirmed that a market maker violated lock-up terms, leading to unauthorized token dumps. Price dropped as low as $0.002101, with market cap sliding significantly. By Sept. 27, the team advised traders to use exchanges instead of on-chain markets due to contaminated supply.ย
Multiple Network, a DePIN project focused on Web3 privacy acceleration for AI, had launched MTP in August with an initial listing on Binance Alpha. The token briefly reached $0.0456 but later fell more than 40% amid sell pressure and the breach. The swap and buyback plan aim to stabilize the ecosystem and protect legitimate holders going forward.
