
Crypto token buybacks hit $638M in 2026, led by Hyperliquid, but remain concentrated and inflationary.
Crypto protocols have spent $638 million on token buybacks in 2026, a 17% increase from last year, driven mainly by a few high-revenue projects like Hyperliquid and Pumpfun. These buybacks rely on recurring fee income to sustain demand for tokens, bu...


