المنشور

🚨 Buybacks can make a token look strong. Revenue tells you if it actually is. Crypto projects have spent roughly $638M on token buybacks in 2026, up from $545M over the same period last year. But here’s the part that really caught my attention: 👉 Almost 90% of that spending came from just two protocols — $HYPE and $PUMP. So I don’t think the real story is the buyback. The real story is the revenue powering it. Take $HYPE. Hyperliquid generated roughly $1 i#DailyOrbit