Tokenomist: 8 Crypto Projects' Buybacks Outpaced Supply Growth Since January, with HYPE Buybacks Reaching $283M According to Tokenomist, since January 2026, eight crypto projects have seen token buybacks outpace growth in circulating supply: MET, PUMP, GMX, RLB, MPLX, HYPE, LIT, and AAVE. Meteora (MET) had the largest relative impact on circulating supply, with supply rising only 13% while buybacks equaled 71% of its January supply. Hyperliquid (HYPE), meanwhile, recorded the largest buyback by dollar value at $283 million, equal to 3% of supply, while its supply fell 11% over the same period.