Crypto token buybacks hit $40 million weekly as protocols mimic corporate repurchase playbook
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最新报道：Protocol token buybacks reached nearly $40 million last week, led by Hyperliquid with $24 million in repurchases and Pump contributing $10 million. These initiatives, funded by treasury reserves or revenue, aim to reduce circulating supply and provide price support during market volatility. While mimicking traditional share repurchase programs to signal confidence and create token scarcity, effectiveness remains mixed—some protocols see temporary price benefits, while others face sell pressure after buyback conclusions. Sustainability depends on strong fee-generation capabilities, as programs relying on treasury depletion rather than operational cash flow risk instability during market downturns.
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