Crypto Projects See Buybacks Outpace Supply Growth, Investors on High Alert

Eight cryptocurrency projects have seen their token buybacks outpace supply growth since January 2026, according to Tokenomist. The most notable example is Meteora (MET), which has conducted buybacks equivalent to 71% of its circulating supply as of January. This trend is not unique to MET, however, with several other projects also engaging in significant token repurchases.

Hyperliquid (HYPE) led by value, repurchasing $283 million worth of tokens while its circulating supply declined by 11%. Investors are closely monitoring these developments, hoping that continued buybacks will help support token prices and reduce available supply. However, it remains to be seen whether this strategy will ultimately pay off.

The eight projects in question include MET, PUMP, GMX, RLB, MPLX, HYPE, LIT, and AAVE. While the impact of these buybacks is significant, it's essential for investors to approach this situation with caution and do their own research before making investment decisions.