Crypto: Token buybacks reach a record, Hyperliquid crushes the competition
The digital assets market is seeing an emerging strategy linked to stocks: token buybacks. Since January, crypto groups have dedicated nearly $640 million to their own assets, according to Allium Labs data. Hyperliquid and pump.fun…
Cointribune
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Sep 2, 2026 at 6:05 AM UTC · 6 dk okuma
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Summarize this article with:
The digital assets market is seeing an emerging strategy linked to stocks: token buybacks. Since January, crypto groups have dedicated nearly $640 million to their own assets, according to Allium Labs data. Hyperliquid and pump.fun account for nearly 90% of the recorded amounts. For the projects involved, these operations aim to reduce the available supply and strengthen the connection between activity, revenue, and token value.
In brief
- Crypto groups have spent $638 million on buybacks of their own tokens since January.
- Hyperliquid and pump.fun account for nearly 90% of buybacks recorded by Allium Labs.
- Hyperliquid dedicates 99% of its fee revenues to buyback of its HYPE token.
- Several projects, including Sky Protocol and Lido, use buybacks to better link revenue and token value.
- Examples from Jupiter, Chainlink and Helium show buybacks do not guarantee price increases.
Crypto: Buybacks Scale Up
Companies specialized in cryptocurrencies have spent $638 million on buybacks since the beginning of the year. According to a Financial Times report, this amount already exceeds the $545 million recorded over the same period last year. The gap is even more striking compared to 2024, when buybacks amounted to only $366,000 for the whole year. Allium Labs thus confirms the rapid growth of a still recent practice.
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