Desk note
Saturday tape
Pyth is an oracle that finally invoices. Three cash lines: Pro (subscriptions), Core (paid pull), Express/Entropy/Marketplace (on-chain). ARR ~$6.16M. 33% of treasury buys PYTH monthly — July ~9M tokens. Original vest ended May 20. Next watched unlock May 21 2027. Spot $0.052, +32% week. Trade ARR and the 2027 date, not a 9M-token headline.
24/7 · Yahoo PYTH-USD $0.0517
Price
PYTH
6M -8.66%
Snapshot
Invoices started. Size has not.
Market cap
$407.1M
vs 52-week
-79.23%
Q2 ARR
~$6.16M
Buyback policy
33%/mo
July buy
~9M PYTH
Circulating
7.87B
Last cliff
May 20 2026
Watched unlock
May 21 2027
Street
6 analysts
$0.1200
Mean target · +132.11% vs spot
High $0.25 · Low $0.03 · Median $0.09
4
Buy
1
Hold
1
Sell
Revenue > emissions
tilt
Next
Watched unlock
2027-05-21
DefiLlama: ~21.26% of supply. Original 2023 vest is done; this is the leftover float event.
Tape
ARR / unlock tape
| Date | Firm | Action | Target |
|---|---|---|---|
| 08-20 | DAO / tape | Buyback print | — |
| 07-26 | Community recap | July buybacks | — |
| 04-23 | Pyth blog | Reserve | — |
| 05-20 | Tokenomics | Last original cliff | — |
Research desk compiled August 22, 2026. Spot from Yahoo PYTH-USD. ARR and buybacks from Pyth/DAO recaps. No Cboe chain. Not investment advice, not a solicitation, and not affiliated with Pyth Network.