Hyperliquid, Pump.fun Account for Nearly 90% of Record $638M Crypto Buybacks
Crypto projects spent a record $638M on token buybacks in 2026, with Hyperliquid (HYPE) and Pump.fun (PUMP) accounting for nearly 90%. HYPE and PUMP tokens rose 145% and 109% year-to-date, outperforming Bitcoin and the broader market. Hyperliquid allocated 99% of its Q2 revenue to buybacks, while Pump.fun uses 50% of its revenue for repurchases.






