Crypto Projects Defy Bear Market with $283M Token Buybacks

In a bear market that has left many crypto projects struggling to stay afloat, eight projects have shown remarkable resilience by repurchasing tokens worth over $283 million. According to Tokenomist data, these projects - including Hyperliquid, Meteora, and Pump.fun - have managed to maintain strong fundraising capabilities despite the bleak market landscape.

Hyperliquid stands out as a notable example, having repurchased tokens worth $283 million since January this year, which is equivalent to 3% of its total supply. This brings the total accumulated token buyback amount to over $1.1 billion, with the project's current buyback scale showing a growing trend.

Pump.fun has also made significant strides in token repurchases, having bought back over $400 million worth of PUMP tokens since July 2025. The platform has generated approximately $1.13 billion in fees and $1.05 billion in revenue since its launch in January 2024.