Analyst: HYPE buybacks outperform PUMP, AAVE, and JUP
Crypto analyst Ignas said that evaluating the impact of token buybacks requires taking token inflation and changes in circulating supply into account.
According to Odaily Planet Daily, year to date, PUMP has spent $407 million on buybacks, but its circulating supply has still grown by 29.5%; AAVE has bought back $11.2 million, while net new supply over the same period was $31.7 million; JUP has bought back $9.9 million, while net new supply was $32.9 million.
HYPE has spent $791 million on buybacks this year, while its circulating supply has grown by just 0.43%. In addition, MORPHO is up 81% year to date; excluding the dilution from token inflation, its gain could have been around 2.3x.
$HYPE market data (Nov 12, 20:21): Current price 70.7, 24-hour change -2.21%.
Range 70.55–74.4, trading volume $28.1 million.
Crypto analyst Ignas said that evaluating the impact of token buybacks requires taking token inflation and changes in circulating supply into account.
According to Odaily Planet Daily, year to date, PUMP has spent $407 million on buybacks, but its circulating supply has still grown by 29.5%; AAVE has bought back $11.2 million, while net new supply over the same period was $31.7 million; JUP has bought back $9.9 million, while net new supply was $32.9 million.
HYPE has spent $791 million on buybacks this year, while its circulating supply has grown by just 0.43%. In addition, MORPHO is up 81% year to date; excluding the dilution from token inflation, its gain could have been around 2.3x.
$HYPE market data (Nov 12, 20:21): Current price 70.7, 24-hour change -2.21%.
Range 70.55–74.4, trading volume $28.1 million.
