11h ago
Our team did a study of largest token buybacks. Seems like there's a lot that is missing from this piece that we should include in our next update. Nevertheless, still sharing here as I thought that it's interesting:
- Token buyback spending has reached over $1.4b across 28 projects YTD
- HYPE token buyback is the largest by far, with more than $644.64m spent (46% of total buybacks)
- Pump fun has spent much less than Hyperliquid at $138.17m, but has bought back 3% of total supply, which is more than Hyperliquid's 2% of supply
- GMX bought back the highest share of its total supply at 13% YTD, but important to note that part of this is distributed back to holders
16.55K
98
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.