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Buybacks only make sense when the management thinks the stock is undervalued. At all other times, dividends or reinvesting is the way to go.
A properly priced company that gets a $100m buyback will only see a big green wick, quickly arb'd back down by sophisticated investors.

19.7. klo 18.53
Total buyback from protocols (Including profit for holding) :
Hype : $1.2B
Ray : $190M
Jupiter : $28M
Aave : $20M
Pump : $19M
ETHFI : $3.4M
Syrup : $735K (Est 20% of Q2 Rev)
Rollbit : $870M (Unverifiable)
Note: Latest price is 19/7/2025.
Let me know in the comment if I have missed any protocol or you need the source for the data.
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