Crypto token buybacks have reached a record $640 million this year. Hyperliquid and pump.fun accounted for nearly 90% of total buybacks. The buybacks are aimed at supporting token prices, acc
Crypto projects have spent a record approximately $640 million on token buybacks this year, according to the Financial Times.
Token buybacks involve projects using treasury funds or protocol revenue to repurchase their own tokens from the open market. The strategy is often intended to reduce circulating supply, improve market confidence, and provide support for token prices during periods of volatility.
The latest figures highlight the growing use of buybacks as a capital allocation strategy in the crypto industry.
According to the report, Hyperliquid and pump.fun were responsible for nearly 90% of all token buybacks completed this year.
Their aggressive repurchase programs have made them the dominant contributors to the record total, reflecting the increasing adoption of mechanisms traditionally associated with public company share buybacks. Supporters argue that buybacks can strengthen token economics, while critics note that long-term value still depends on sustained user adoption and protocol growth.
The trend has become an increasingly important topic within the digital asset market.
JUST IN: Crypto groups have spent a record ~$640M on token buybacks this year to prop up prices, with Hyperliquid and pump(.)fun driving nearly 90% of it, per FT. pic.twitter.com/xuhRzDTmRL
— Cointelegraph (@Cointelegraph) August 31, 2026
The surge in Crypto token buybacks underscores how projects are experimenting with new ways to manage token supply and reward their communities.
As more protocols generate revenue, buyback programs may become a more common feature of tokenomics. Investors will continue monitoring whether these initiatives have a lasting impact on token valuations and broader market performance.
