Hyperliquid and pump.fun. fun contributes nearly 90% in the $638 million token buybacks across the entire crypto industry
Crypto projects have spent a record $638 million to buy back their own tokens since early 2026, with Hyperliquid and pump.fun accounting for nearly 90%—about $370 million and $200 million each. As a result, the HYPE and PUMP token prices both grew strongly, up 145% and 109% year-to-date, while Bitcoin fell 10% and the overall market declined by nearly 12%.
Hyperliquid currently uses up to 99% of revenue to buy back HYPE, while pump.fun allocates about 50% of revenue to do the same.
#hype #pump
Crypto projects have spent a record $638 million to buy back their own tokens since early 2026, with Hyperliquid and pump.fun accounting for nearly 90%—about $370 million and $200 million each. As a result, the HYPE and PUMP token prices both grew strongly, up 145% and 109% year-to-date, while Bitcoin fell 10% and the overall market declined by nearly 12%.
Hyperliquid currently uses up to 99% of revenue to buy back HYPE, while pump.fun allocates about 50% of revenue to do the same.
#hype #pump