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pump.fun allocated about $200M, roughly 50% of revenue, to buybacks.
Crypto token buybacks hit record $638M this year
Digital FinanceIndustry
Crypto token buybacks reached a record $638 million this year, up from $545 million during the same period last year and just $366,000 in 2024, according to a report discussed by Scott Melker on Yahoo Finance's "The Daily Wolf." Hyperliquid and pump.fun account for 90% of that total, with Hyperliquid spending $370 million and pump.fun approximately $200 million. Hyperliquid directs almost all of its platform revenue towards buying its own token, while pump.fun allocates about 50%. This marks a shift from Bitcoin treasury companies that bought Bitcoin without planning for cash flow, and from past altcoins that lacked utility. Investors increasingly favor tokens with recognizable financial value accrual, as seen when Ethena announced a similar buyback and its token rose about 20%.
pump.fun allocated about $200M, roughly 50% of revenue, to buybacks.