Crypto projects spent approximately $638 million repurchasing their native tokens between January and Aug. 31, according to Allium Labs figures cited by the Financial Times.
Summary
- Crypto projects spent $638 million on token buybacks this year, exceeding last year’s comparable total.
- Hyperliquid and Pump.fun represented nearly 90% of tracked repurchases, according to Allium Labs data overall.
- Hyperliquid directs 99% of eligible trading fees toward automated HYPE purchases and permanent token burns.
- Sky spent $26 million on 2026 repurchases, while its cumulative program remains considerably larger overall.
- Lido’s proposed framework activates buybacks only above…
