2026-01-17 14:36:22

In the competitive DeFi landscape, the battle over token economics between major DEX platforms is heating up. Hyperliquid and Aster DEX are actively pursuing token buyback programs—a strategic move that raises an interesting question: does aggressive token supply management actually signal developer commitment and long-term vision?

When projects allocate resources toward buying back their own tokens and establishing reserves from circulating supply, they're essentially betting on their ecosystem's future. It's a bullish signal to holders, but also a calculated move to stabilize token value amid market volatility. Even emerging platforms like Pumpfun have recognized this playbook's effectiveness in building investor confidence and demonstrating that the team isn't just focused on launch hype.

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DYORMaster

· 4h ago

Buyback is always the same rhetoric, how many can really survive more than two years? --- Hyperliquid's move is just to stabilize the price, but whether it can really hold up depends on liquidity. --- It's always token economics. I just want to know how much the team holds themselves. --- That example of pumpfun is a bit weak, what can it compare to? --- The reserve is built nicely, but the question is when will it start truly burning? --- All talk about buyback sounds good, but it's really just market cap management. --- What gives aster the confidence to be so aggressive? Is there enough liquidity? --- The promises look good, but I'm already tired of hearing these project teams' promises.

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UncleLiquidation

· 4h ago

Buybacks sound good, but it depends on how much real money is invested. Don't let it be just another scheme to harvest retail investors.

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GrayscaleArbitrageur

· 4h ago

This buyback logic sounds pretty good, but whether it can actually support the coin price is the key. Buyback is essentially burning money to stabilize the price. In the short term, it may be impressive, but in the long term, it still depends on the fundamentals. Is Hyperliquid genuinely taking real actions or just putting on a show before harvesting retail investors? It's a bit hard to see through. Pumpfun has also started using this approach, really just copying the VC playbook. The question is, can the trading volume and locked-in assets of these platforms truly match this valuation?

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MetaverseHermit

· 4h ago

Can buybacks really prove anything, or are they just a way to stop the bleeding?

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GhostWalletSleuth

· 4h ago

Buyback, this trick is played out, can it still fool people? That said, Hyperliquid's recent move does have some substance. Pumpfun is learning quickly, but how long can it really last? Even air coins are doing buybacks, what does that indicate... Isn't it just about stabilizing the price? Sooner or later, it will still end up at zero.

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