Crypto projects spent a record $638 million on token buybacks so far in 2026, with Hyperliquid and Pump.fun accounting for 90% of that total.

Crypto protocols spent $638M on token buybacks in 2026, led by Hyperliquid and pump.fun in a strategy borrowed directly from traditional equity

Crypto projects spent a record $638 million on token buybacks so far in 2026, with Hyperliquid and Pump.fun accounting for 90% of that total.