6.6 Investments 2026年加密项目代币回购创新高，近九成由Hyperliquid和Pump.fun主导，但市场反应有限。
2026年，加密项目用于代币回购的支出创下新高，达6.38亿至6.4亿美元，较去年同期的5.45亿美元大幅增长，远超2024年的36.6万美元。今年，近90%的回购由Hyperliquid和Pump.fun主导。Hyperliquid将99%的交易手续费收入用于回购并销毁HYPE代币，推动价格显著上涨。Pump.fun也将大部分手续费收入用于回购。 其他如Sky Protocol和Lido等项目也参与回购，但规模较小。尽管回购金额激增，市场反应依然平淡，因持续的代币解锁和抛压往往抵消了回购带来的需求。 这一趋势显示加密行业日益采用股市策略，但回购对代币价格的支撑效果仍存不确定性。
Hyperliquid, Pump.fun Drive Record $638M Crypto Buybacks
Crypto Projects Spend Record $638 Million on Token Buybacks — Only Two Are Winning
Hyperliquid, Pump.fun Drive Nearly 90% of Record $638M Crypto Buybacks So Far in 2026
Hyperliquid and Pump.fun Lead Massive $638M Token Buyback Wave in 2026
Crypto Companies Spent a Record $640 Million Buying Back Their Own Tokens
Crypto token buybacks hit record $640M, but the market barely notices
Crypto Firms Spend $638M on Token Buybacks in 2026, 90% Led by 2 Projects
Crypto token buybacks hit record $638M in 2026
Crypto projects have spent nearly $640 million this year on token buybacks, with Hyperliquid and pump.fun accounting for nearly 90%
