Crypto projects buy back nearly $640 million in tokens this year, with Hyperliquid and pump.fun accounting for nearly 90%.
Source：
www.ft.com
According to the Financial Times, crypto projects have spent nearly $640 million this year buying back their own tokens to counter sustained market weakness and stabilize token prices. Data from Allium Labs shows that buyback spending reached $638 million year-to-date, up from $545 million during the same period last year, and a mere $366,000 for all of 2024. Combined, Hyperliquid and pump.fun accounted for nearly 90% of the total buyback amount.
