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Token Burn

Crypto's $19B Buyback and Burn Meta, 2025-2026: 11 Tokens, Only 2 Actually Shrink Supply

A supply-side deep dive on the 2025-2026 buyback and burn trend: what the mechanisms are, who runs them (BNB, ETH, HYPE, PUMP, ASTER, JUP, PENDLE and more), and whether they actually work, tested three ways (net emission, price reaction vs BTC, and valuation). Data from tok, CoinGecko and DefiLlama.