Deep Dive
1. Buyback-Driven Scarcity (Bullish Impact)
Overview: MultiBank executed its first $MBG buyback on August 27, 2025, burning 4.86M tokens (5.8% of circulating supply). This follows a $58.2M annual burn commitment tied to trading revenue (MultiBank Group).
What this means: Reduced supply against steady demand creates upward pressure. The burn aligns with MultiBank’s deflationary model, where 20% of platform fees fund repurchases. Historically, such programs (e.g., Binance’s BNB burns) correlate with mid-term price support.
Watch: Next burn volume (expected Q4 2025) and whether trading activity sustains revenue for buybacks.
2. RWA Partnership Momentum (Bullish Impact)
Overview: On Sept 17, MultiBank and Mavryk Network announced a $10B UAE real estate tokenization initiative, expanding their existing $3B deal with MAG Lifestyle Development (CoinDesk).
What this means: Real-world asset (RWA) tokenization is a high-growth narrative (Deloitte forecasts $4T by 2035). MultiBank’s regulated infrastructure and Fireblocks custody integration position MBG as a gateway to fractional property investments, attracting institutional interest.
Watch: Progress on tokenizing The Ritz-Carlton Residences (Q4 2025 target) and onboarding retail investors.
3. Technical Rebound (Mixed Impact)
Overview: MBG’s RSI-14 (25.68) indicates oversold conditions, often preceding short-term rebounds. However, the price ($1.08) remains below key SMAs (30-day SMA: $1.22), signaling lingering bearish sentiment.
What this means: Traders may be capitalizing on oversold signals, but sustained recovery requires breaking above $1.22. Fibonacci levels show resistance at $1.17 (78.6% retracement), a critical level to watch.
Watch: Price action around $1.17 – a breakout could trigger momentum buying.
Conclusion
MBG’s 24h gain reflects a mix of deflationary mechanics, RWA progress, and technical factors. While buybacks and partnerships strengthen fundamentals, the token remains in a broader downtrend (-56% over 60 days). Key watch: Can MBG hold $1.08 and challenge $1.17 resistance? Monitor volume spikes and RWA deployment updates.