According to analyst Ignas, HYPE has outperformed PUMP, AAVE, and JUP in managing buyback efficiency year-to-date, with a $791 million buyback raising circulating supply by just 0.43%. In contrast, PUMP's $407 million buyback was accompanied by a 29.5% supply increase, while AAVE's $11.2 million buyback saw net supply grow by $31.7 million, and JUP's $9.9 million buyback resulted in $32.9 million in new supply additions.
Analyst Ignas emphasizes that evaluating token buyback effectiveness requires accounting for concurrent inflation and supply changes, not just repurchase amounts alone.