Nami Atlas

Hyperliquid & pump.fun Dominate Crypto Token Buybacks 🔥

Crypto projects have spent a record $638 million buying back their own tokens since the beginning of 2026.

But here’s the interesting part:

Hyperliquid and pump.fun alone account for nearly 90% of the total.

• Hyperliquid: ~$370M in HYPE buybacks
• pump.fun: ~$200M in PUMP buybacks

And the performance has been hard to ignore.

HYPE is up roughly 145% YTD, while PUMP has gained around 109%. Meanwhile, Bitcoin is down about 10% and the broader crypto market has fallen nearly 12%.

The mechanism is relatively simple: protocol revenue → token buybacks → reduced circulating supply and consistent market demand.

Hyperliquid currently directs as much as 99% of its revenue toward HYPE buybacks, while pump.fun allocates roughly 50% of its revenue to PUMP purchases.

This highlights an important shift in crypto tokenomics.

Instead of relying purely on narratives and future promises, protocols generating real revenue can recycle that cash flow directly into their tokens.

Buybacks alone don’t guarantee higher prices, but when strong revenue, sustained demand, and shrinking liquid supply come together, the token starts behaving more like a productive asset.

In a weak market, HYPE and PUMP may be showing us exactly why revenue-backed tokenomics matter.

$HYPE $PUMP

これは2017年以来のビットコインにとって最高の8月です

$BTC
#w2e

Altcoin Season Is Dead? This Chart Says Otherwise. 👀

Everyone keeps saying “Altseason is over.”
But zoom out.

The long-term structure tells a very different story.

Altcoins are once again sitting near a multi-year rising support, an area that previously appeared before some of the strongest expansion phases in the market.

The important part isn’t predicting another vertical move like the blue path. It’s watching whether this support holds and whether capital rotation actually confirms it.

Historically, real Altseason tends to appear when Bitcoin cools down, BTC dominance starts falling, and capital rotates from BTC → majors → mid/small caps.

My insight:
The market may not be in full Altseason yet — but this could be the area where the next rotation begins.

If this structure holds, 2026–2027 could become much more interesting for alts than most traders expect.

The question isn’t “When Altseason?”

It’s “Are you positioned before everyone starts calling it Altseason?” 👀

Chart projection is a scenario, not a prediction. Always manage risk.
#altcoins
$HEMI $SKR