Top Altcoins by Buybacks in Past 30 Days — HYPE, ASTER, PUMP Lead
Buyback activity in the crypto market surged over the past 30 days, with protocols repurchasing more than $183 million in total. The top three projects by buyback volume were HYPE ($81.02M), ASTER ($52.88M) and PUMP ($22.46M). Other notable buybacks included MPLX ($8.43M), GMX ($6.12M), RAY ($4.73M), LINK ($3.21M), JUP ($2.65M) and AAVE ($1.96M). Reporters note most buybacks are funded from protocol revenues. ASTER is highlighted for combining aggressive buybacks with token burns. Buyback velocity has accelerated month-on-month, especially among Layer‑2 and next‑generation DeFi protocols, with some projects recording up to 40% increases versus the prior 30 days. Traders should watch buyback-driven supply reductions and tokenomics changes, which can create short-term price support and influence liquidity and market sentiment. This is not investment advice.
Bullish
Net buybacks totaling $183M — concentrated in a few tokens (HYPE, ASTER, PUMP) — reduce circulating supply and signal protocol confidence because most funding comes from protocol revenues. ASTER’s combined burn + buyback approach is particularly supply-negative. Historically, organized buybacks and burns (or token burns by projects) have supported short‑to‑medium-term price increases by tightening supply and improving market psychology (examples: projects that announced buybacks or burns often saw price appreciation and reduced sell pressure, at least temporarily). The accelerated pace in L2 and next‑gen DeFi suggests a structural shift where protocol revenue is increasingly deployed to support tokenomics. Short term: expect heightened volatility around these tokens with a bias toward price support if buybacks continue. Liquidity events or large sell-offs could still override buyback effects. Long term: sustained, revenue-funded buybacks plus burns can improve token scarcity and investor sentiment, potentially supporting higher valuations if revenue streams remain stable. Risks: buybacks funded from volatile revenue sources, lack of transparency, or one‑off funding can limit effectiveness and the market may price in diminishing returns if buybacks are predictable or temporary.