Token Buybacks Hit Record $638M After SEC Regulatory Clarity
- —2026 token buybacks reached $638 million, versus $545 million a year earlier
- —Hyperliquid accounted for about $370 million and Pump.fun roughly $200 million, together near 90% of the total
- —Pump.fun generates about $500 million in annualized revenue, funding its buyback program
- —The SEC's September 25 digital-asset FAQ reduced the risk that buybacks are treated as securities issuance
Why it matters: Revenue-funded buybacks are becoming a token value argument, but the trend is concentrated in two projects and hinges on their cash flow.
Source: CriptoTendencias