Hyperliquid, Pump.fun account for nearly 90% of record $638M crypto buybacks: FT

Crypto Insight Summary: Crypto projects spent a record $638 million on token buybacks so far in 2026, as more protocols are turning their revenue into buybacks to return more value to token holders. Crypto Insight Analysis: Direction: Bullish Crypto Market Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Large buybacks signal positive sentiment but may not sustain long-term price impact.