With bitcoin rising, i'd rather move my money to BTC until the btc price stables. I think ICN will still dip down to $0.30 cents upon seeing on kraken charts. There are so much new ICOs too, those users are also going to move thier BTC to it and wait til there is a new update.
That is my concern with the buy back, it makes even the tokens more susceptible to dumps. Factom is one nice project with less than 10 million total token but it is one token that is very reactive to Bitcoin price rise.