Crypto Projects Spend $638 Million on Token Buybacks This Year, With Hyperliquid and pump.fun Making Up 90%
JH Kim
Summary
- 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.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.