Wu learned that, according to Tokenomist data, since January 2026, a total of 8 crypto projects have seen their token buyback intensity exceed the growth of their circulating supply. They are MET, PUMP, GMX, RLB, MPLX, HYPE, LIT, and AAVE. The data shows that Meteora (MET) had the greatest impact on its circulating supply from buybacks, with its circulating supply growing only 13%, but the buyback amount equivalent to 71% of January's supply; on the other hand, Hyperliquid (HYPE) set the record for the largest buyback in dollar value, with a buyback amount of $283 million (accounting for 3% of supply, while supply contracted by 11% over the same period).