Crypto Token Buybacks Hit $40M Weekly as Protocols Copy Corporate Playbook
Hyperliquid led with $24 million in buybacks, while Pump.fun contributed another $10 million.
Crypto protocols are spending nearly $40 million weekly buying back their own tokens, mimicking traditional corporate share repurchases. Hyperliquid led with $24 million in buybacks, while Pump.fun contributed another $10 million.
The strategy mirrors corporate stock buybacks, aiming to reduce circulating supply and signal confidence in long-term value. Protocols use treasury funds or revenue to purchase tokens from open markets, theoretically creating scarcity and price support during volatile periods.
However, results remain mixed across the industry. Some protocols see temporary price benefits during active buyback periods, while others face…
