Buybacks
PUMP traded above a key support level after the project repurchased roughly 11% of circulating supply, yet price momentum remains weak. DeFiance Capital CEO Arthur Cheong publicly questioned why the token keeps lagging despite sizable buybacks.
Aster DEX announced completion of $214 million in total buybacks, signaling continued support for its token; separately, Tether said it aided authorities in seizing $12 million tied to a transnational scam. Both moves highlight market support and stronger compliance action in crypto.
dYdX governance passed proposal #313 on Nov. 13, increasing the share of net protocol revenue for DYDX buybacks from 25% to 75%, with 5% allocated to a Treasury SubDAO and 5% to the MegaVault. The change channels a much larger portion of revenue into token support while preserving dedicated funding for treasury and MegaVault functions.
dYdX DAO voted to direct 75% of protocol fees toward DYDX token buybacks, a major change to tokenomics that could increase buy-side pressure. The move, approved on Nov. 13, 2025, signals stronger revenue-to-holder alignment for the protocol.
UNI jumped 117% after a governance proposal that could enable roughly $38 million in monthly buybacks stoked bullish sentiment and triggered a breakout from a months‑long downtrend.
CleanSpark announced a $1.15 billion convertible notes offering to accelerate its Bitcoin mining and data-center growth while funding share buybacks. The move gives the miner fresh capital but introduces potential dilution if notes convert.
Uniswap founder Hayden Adams introduced the “UNIfication” governance overhaul that would enable $38 million in monthly UNI buybacks, reshaping tokenomics and Treasury use. The plan could tighten supply and alter market dynamics if governance approves it.
Aster's buyback cadence jumped 50% to about $7,500 per minute and the token's burn rate doubled, fueling renewed bullish momentum. Markets watch whether this deflationary push can clear the critical $1.17 resistance and secure the $1 support level.