Crypto Buybacks Surge: Protocols Repurchase $40M in Tokens to Bolster Markets

Protocol-led token buybacks are emerging as a cornerstone of crypto treasury management, with nearly $40 million repurchased in the past week. Projects are deploying revenue or treasury reserves to acquire their own tokens from secondary markets—a tactical move to constrain circulating supply and mitigate volatility.

The strategy, borrowed from traditional finance, is gaining traction among decentralized protocols as a mechanism for price stabilization and investor confidence. High-revenue projects like Hyperliquid and meme-centric platform Pump are leading the charge, with $24 million and $10 million in buybacks, respectively.

Weekly data reveals intermittent spikes in activity since July, including multiple $50 million peaks. This trend underscores a maturation in capital allocation, particularly among protocols with robust fee generation.