2026-01-10 18:23:47

Buyback programs are facing serious scrutiny right now.

Helium recently shut down its repurchase initiative after investing $2.3M into HNT tokens since October rolled around. Their take? The math just wasn't working—funds weren't being deployed efficiently.

Here's where it gets interesting: the performance data tells a pretty harsh story. Most tokens with active buyback mechanisms have still tanked between 44% and 85% since launch. That's basically tracking with the wider altcoin selloff.

It raises a tough question for projects thinking about going down this route. When you're spending serious capital on buybacks but still watching your token crater alongside the rest of the market, something's gotta give. Helium apparently decided that capital would be better spent elsewhere. Whether that's the right call depends on what they do with those resources next.

HNT-3,05%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

20 Likes

Reward
20
6
Repost
Share

Comment

0/400

DAOTruant

· 01-13 18:22

Buyback is just a gimmick to cut profits, spending money to support the coin price ultimately cannot escape the curse of decline... --- Helium spending 2.3 million dollars can't save it either, indicating that the market decides everything. No matter how much operation is done, it's all in vain. --- Instead of wasting money on buybacks, it's better to build a solid ecosystem. Projects still playing these tricks really need to wake up. --- Another project claiming buyback to scam money... A decline of 44-85% shows what? It's just a facade. --- Interestingly, they finally admitted that the math doesn't work. Why did they do it in the first place... Capital is just wasted like that. --- It's always like this: promising buyback plans early on, but in the end, the coin still crashes, and investors lose everything. --- "Capital deployed elsewhere" is just a polite way of saying there's no money left, just looking for an excuse to cut losses. --- So the conclusion is that buyback programs can't save a bad project at all. Ultimately, it still depends on the fundamentals.

View OriginalReply0

WhaleWatcher

· 01-11 16:17

Buybacks can't fundamentally save the coin price; instead of throwing money to buy coins, it's better to focus on building real products.

View OriginalReply0

0xTherapist

· 01-10 18:49

You guys are really too naive, still hoping that buyback can save the market? Helium spent 2.3 million and it didn't stop the decline. What does this indicate? It shows that the market simply doesn't buy into this approach.

View OriginalReply0

NightAirdropper

· 01-10 18:38

The sell-back mechanism is really useless in saving the price of the coin. Helium's 2.3 million spent was all in vain; it might be better to just burn it directly.

View OriginalReply0

RektDetective

· 01-10 18:34

Laughing out loud, 2.3 million USD went down the drain. Buying back this set can't really save the price of the coin.

View OriginalReply0

MoonRocketTeam

· 01-10 18:31

Oh no, $2.3 million went down the drain, and this booster just stalled out [laugh-cry] The buyback strategy now looks like just burning money, with a drop of 44% to 85%... This really is digging a hole downward. The key still depends on how Helium will use this funding next; otherwise, it will truly be a huge loss.

View OriginalReply0