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Hyperliquid Leads 2025 Token Buybacks With $645 Million Spent

Hyperliquid's $644.64 million repurchase of 21.36 million HYPE tokens accounts for 2.1% of the total supply, marking the largest token buyback of 2024.

HYPE

Summary

Hyperliquid conducted the largest token buyback of 2024, spending over $644.64 million to repurchase 21.36 million HYPE tokens, representing 2.1% of its total supply. The average monthly expenditure was $65.5 million, with the lowest in March at $39.14 million and the peak in August at $110.62 million. The average buyback price was approximately $30.18 per token.

Terms & Concepts
  • Token Buyback: A process in which a crypto project repurchases its own tokens from the market to reduce supply or support prices.
  • Token Burn: A mechanism by which tokens are permanently removed from circulation, decreasing total supply.
  • HYPE Token: The native token of the Hyperliquid platform, subject to periodic buybacks to influence supply and value.