🚨 8 tokens where buybacks outpaced circulating supply growth since Jan. 2026 When a project buyback tokens it's trying to offset new supply entering the market. But when supply grows faster than the buyback, it barely makes a dent. Take Meteora as an example. Its circulating supply went from 472.8M on Jan. 1, 2026 to 535.4M today, up 13.2%. Over the same period, it bought back 336.2M tokens worth $45.75M, equal to 71% of its Jan. 1 supply. Meteora bought back far more tokens than its supply grew by. The same pattern shows up across these projects: • MET - Buybacks: 71% | Supply growth: +13% • PUMP - Buybacks: 7% | Supply growth: -24% • GMX - Buybacks: 21% | Supply growth: +1% • RLB - Buybacks: 10% | Supply growth: -8% • MPLX - Buybacks: 8% | Supply growth: -8% • HYPE - Buybacks: 3% ($283M) | Supply growth: -11% • LIT - Buybacks: 1% | Supply growth: 0% • AAVE - Buybacks: 1% | Supply growth: +1% Key Insight Hyperliquid recorded the largest buyback program by value ($283M), but Meteora's buybacks had the biggest impact relative to its circulating supply.(Tokenomist)