Crypto projects spent approximately $638 million on token buybacks through late August 2026, according to data from Allium Labs cited by CryptoSlate. The figure sets a new record and exceeds the $545 million spent during the same period in 2025. Hyperliquid represented about $370 million of this year’s total, while Pump.fun accounted for roughly $200 million. Combined, the two projects were responsible for close to 90% of reported buyback activity. The figures come as the US Securities and Exchange Commission clears a regulatory hurdle, according to the report’s headline. Buybacks can reduce the supply of tokens available in the market, although the supplied data does not indicate how the activity affected prices or market valuations. The tracked projects include Hyperliquid’s HYPE and Pump.fun’s PUMP tokens, among other crypto assets.
