Hyperliquid, Pump.fun account for nearly 90% of record $638M crypto buybacks: FT
Covered by 4 sources · 4 articles
Crypto projects deployed a record $638 million toward token buybacks through 2026, with Hyperliquid and Pump.fun commanding nearly 90% of that spending. The surge reflects a broader strategic shift among protocols, which are increasingly converting operational revenue into repurchases aimed at benefiting token holders. This concentration in buyback activity among a small number of projects signals changing preferences in how platforms distribute returns to their communities.
- Two platforms dominate the buyback market, raising questions about whether this concentration represents sustainable protocol economics or reflects outlier revenue models.
- The buyback trend indicates protocols are prioritizing direct token value redistribution over alternative uses of revenue like development or treasury building.
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Hyperliquid, Pump.fun Drive Nearly 90% of Record $638M Crypto Buybacks So Far in 2026
Cryptocurrency projects have spent about $638 million repurchasing their own tokens so far in 2026, with decentralized exchange Hyperliquid and memecoin platform Pump.fun accounting for nearly 90% of the total, according to Allium Labs data…
Crypto Buybacks Hit Record $638M in 2025, Hyperliquid and Pump.fun Dominate
BitcoinWorld Crypto Buybacks Hit Record $638M in 2025, Hyperliquid and Pump.fun Dominate Cryptocurrency project buybacks have surged to an unprecedented $638 million this year, with Hyperliquid and Pump.fun accounting for roughly 90% of the…
Hyperliquid, Pump.fun account for nearly 90% of record $638M crypto buybacks: FT
The dominance of buybacks by Hyperliquid and Pump.fun highlights a shift towards revenue-funded token repurchases, impacting market dynamics. The post Hyperliquid, Pump.fun account for nearly 90% of record $638M crypto buybacks: FT appeared…
Hyperliquid, Pump.fun account for nearly 90% of record $638M crypto buybacks: FT
Crypto projects spent a record $638 million on token buybacks so far in 2026, as more protocols are turning their revenue into buybacks to return more value to token holders.