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Crypto Projects Spend $638 Million on Token Buybacks This Year, With Hyperliquid and pump.fun Making Up 90%

Crypto projects have spent a combined $638 million on token buybacks so far this year.

bloomingbit

Publisher

Sep 7, 2026 at 4:42 PM UTC · 1 dk okuma

Crypto Projects Spend $638 Million on Token Buybacks This Year, With Hyperliquid and pump.fun Making Up 90%
Image via bloomingbit

Key Signal

$638M Token buybacks this year

Last Updated

18 saat önce

  • Crypto projects have spent a total of $638 million on token buybacks this year.
  • According to Cointelegraph, this year's token buyback total has reached $638 million so far.
  • Of that amount, Hyperliquid and pump.fun accounted for about 90% of total buybacks.

Forecast Trend Report by Period

Crypto projects have spent a combined $638 million on token buybacks so far this year.

Cointelegraph reported on September 7 that token buybacks by crypto projects had reached $638 million so far this year.

Hyperliquid and pump.fun accounted for about 90% of the total.

A token buyback is a process in which a project repurchases its own issued tokens on the market using revenue or other funds.

Why this matters

The $638 million in buybacks represents a material flow of project capital into secondary-token markets. The roughly 90% concentration in Hyperliquid and pump.fun suggests that aggregate buyback activity—and any associated support for token liquidity—could be heavily dependent on a small number of projects.

#crypto

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Originally reported by bloomingbit

NewsLayer coverage based on externally reported material.

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