POPA ReconCrypto Buybacks in the Last 30 Days
Crypto Buybacks in the Last 30 Days Five protocols spent ~$112M buying back their own tokens over the past month, and Hyperliquid alone accounts for 56% of that: • Hyperliquid – $62.5M • Pump Fun – $24.3M • Pons – $14.8M • Stonk – $6.8M • Lighter – $3.26M The biggest buyer doesn't have the biggest impact. Annualise the 30-day pace against FDV and HYPE's buyback works out to under 1% a year, because $62.5M a month barely moves a $91B token. Pons does the reverse: $14.8M against a $475M FDV implies ~37% a year, and Stonk ~24%. The small caps come with an asterisk. Pons' month came from th…
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