Our team did a study of largest token buybacks. Seems like there's a lot that is missing from this piece that we should include in our next update. Nevertheless, still sharing here as I thought that it's interesting: - Token buyback spending has reached over $1.4b across 28 projects YTD - HYPE token buyback is the largest by far, with more than $644.64m spent (46% of total buybacks) - Pump fun has spent much less than Hyperliquid at $138.17m, but has bought back 3% of total supply, which is more than Hyperliquid's 2% of supply - GMX bought back the highest share of its total supply at 13% YTD, but important to note that part of this is distributed back to holders