🚨 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.