GRVT Burns 1.1 Million Tokens as GRVT 2.0 Draws Closer

Grvt's Foundation token issuer carried out its first GRVT buyback, acquiring 1.1 million tokens on the open market and destroying them, equal to almost 1% of the supply then in circulation. It is the first of five milestones ahead of the planned Grvt 2.0 launch at the end of November 2026. Grvt runs a self-custodial trading platform on its own zero-knowledge chain, and the GRVT token launched in July 2026 with no ownership, profit or other economic rights. The issuer intends more buybacks monthly, though each is discretionary, with no set amount or guaranteed schedule.