Crypto projects dumped a record $638M on token buybacks this year—already crushing 2024's full-year $366K.
$HYPE leading the charge: Hyperliquid uses 99% of trading fees to buy & burn. Result? Up 70% while everything else bleeds.
Pump.fun + Hyperliquid = 90% of all buybacks.
But here's the kicker: Jupiter spent $14M buying back while $JUP tanked 55%. $LINK? Down 50%. Helium straight up quit their program in Feb—said the market doesn't care.
Buybacks work when you've got revenue. Without it, you're just burning cash while your token dies.
The meta: Projects finally treating tokens like equity. Softer US regs helping. But execution matters—most are still coping, not pumping.
Watch who's actually generating fees vs who's just doing PR buybacks.
$HYPE leading the charge: Hyperliquid uses 99% of trading fees to buy & burn. Result? Up 70% while everything else bleeds.
Pump.fun + Hyperliquid = 90% of all buybacks.
But here's the kicker: Jupiter spent $14M buying back while $JUP tanked 55%. $LINK? Down 50%. Helium straight up quit their program in Feb—said the market doesn't care.
Buybacks work when you've got revenue. Without it, you're just burning cash while your token dies.
The meta: Projects finally treating tokens like equity. Softer US regs helping. But execution matters—most are still coping, not pumping.
Watch who's actually generating fees vs who's just doing PR buybacks.