🚀 Buyback is silently becoming the new standard of crypto projects.

📌 In the last 3 months, the buyback token value of projects with revenue has skyrocketed from ~$20M/week to a peak of ~$55–60M/week.
- Hyperliquid: ~$24M/week, with even a buyback of $8M in just 24 hours.
- pumpfun: >$10M/week, cumulative has ~$30M+.
- Projects in the Solana eco, Aave, GMX, Houdini Swap... are also continuously buying back tokens.

📌 With this buyback volume, it has not yet significantly impacted the reduction of free float in the market, but this is a message saying "we will continuously support the price," which positively affects the holders' sentiment.

📌 However, the key point of buyback is that the project must maintain cash flow. The project must sustain its cash flow. When the cash flow is interrupted, the project will also have no money for buyback. And the subsequent buyback will become the treasury of the project, but it will be used for what purposes: Burn, Stake, create incentive funds for users or just left hand buying and right hand dumping through various items "project development".

Buyback cannot replace utility. It is a leverage, not a foundation for the existence of crypto projects.