$638M IN TOKEN BUYBACKS: HYPERLIQUID AND PUMP.FUN ACCOUNT FOR NEARLY 90%
Crypto projects have spent a record roughly $638 million on token buybacks since the start of 2026. Hyperliquid and pump.fun stand out, accounting for nearly 90% of the total, with approximately $370 million and $200 million respectively.
The more interesting detail is how much revenue is being allocated to buybacks. Hyperliquid is currently directing as much as 99% of its revenue toward HYPE buybacks, while pump.fun allocates around 50% of revenue to PUMP.
Price performance has also diverged sharply. Since the start of the year, HYPE is up 145% and PUMP is up 109%, while Bitcoin is down 10% and the broader crypto market has fallen nearly 12%.
Buybacks do not automatically mean prices will rise, but their scale and frequency can create direct demand for a token while the program remains active. Hyperliquid is particularly notable because allocating 99% of revenue shows how closely its revenue distribution mechanism is tied to HYPE.
With $638 million deployed across the sector, the 2026 story is not only about new capital entering crypto, but also about how internal revenue is being redirected to influence token value.
Could revenue-funded token buybacks become a new standard in crypto tokenomics?
Please do your own research carefully before making any transactions (DYOR). $HYPE $PUMP $HEMI #Colecolen #Hyperliquid
Crypto projects have spent a record roughly $638 million on token buybacks since the start of 2026. Hyperliquid and pump.fun stand out, accounting for nearly 90% of the total, with approximately $370 million and $200 million respectively.
The more interesting detail is how much revenue is being allocated to buybacks. Hyperliquid is currently directing as much as 99% of its revenue toward HYPE buybacks, while pump.fun allocates around 50% of revenue to PUMP.
Price performance has also diverged sharply. Since the start of the year, HYPE is up 145% and PUMP is up 109%, while Bitcoin is down 10% and the broader crypto market has fallen nearly 12%.
Buybacks do not automatically mean prices will rise, but their scale and frequency can create direct demand for a token while the program remains active. Hyperliquid is particularly notable because allocating 99% of revenue shows how closely its revenue distribution mechanism is tied to HYPE.
With $638 million deployed across the sector, the 2026 story is not only about new capital entering crypto, but also about how internal revenue is being redirected to influence token value.
Could revenue-funded token buybacks become a new standard in crypto tokenomics?
Please do your own research carefully before making any transactions (DYOR). $HYPE $PUMP $HEMI #Colecolen #Hyperliquid
