Crypto Projects Allocate $638 Million to Token Buybacks, FT Reports

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Cryptocurrency projects reportedly spent $638 million on token buybacks in 2026, a record amount according to a Financial Times report. This trend involves projects using their revenue to buy back tokens, aiming to return value to token holders and potentially influence token scarcity.

Key facts

• Cryptocurrency projects reportedly allocated $638 million to token buybacks in 2026.
• This represents a significant increase in the use of revenue for buyback initiatives.
• The strategy aims to return value to token holders.
• Hyperliquid and Pump.fun accounted for nearly 90% of the total amount.
• The trend indicates a shift in how some crypto projects manage finances and reward stakeholders.