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Crypto projects spend record $638M on token buybacks in 2026

Buybacks this year reached $638.0 million so far in 2026, as projects increasingly recycle revenue back into tokens.

Reported · Written up by our desk · Market Structure

Crypto projects have spent a record $638 million on token buybacks so far in 2026, according to Financial Times coverage summarized by Cointelegraph.

The report says more protocols are using revenue for buybacks, aiming to return additional value to token holders.

While buyback activity has been rising, the article frames the 2026 pace as unusually high, marking a shift toward capital returns through token repurchases.

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Sources

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

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