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      Crypto Projects Buy Back $638 Million in Native Tokens This Year; Hyperliquid and Pumpfun Account...

      Crypto Projects Buy Back $638 Million in Native Tokens This Year; Hyperliquid and Pumpfun Account for Nearly 90%According to the Financial Times, digital asset projects have bought back approximately $638 million worth of their own tokens so far this year, up from $545 million during the same period last year. Hyperliquid and Pumpfun accounted for nearly 90% of the total. Hyperliquid allocates 99% of its trading fee revenue to buy back HYPE and has repurchased and burned $1.3 billion worth of tokens since its launch in December 2024. Sky Protocol has repurchased $26 million worth of tokens, while Lido plans to conduct regular buybacks once conditions including $40 million in annualized revenue are met.

      Source: Wu Blockchain
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud