Keyrock: Crypto’s Buyback Boom Tests the Industry’s Financial Maturity

As token buybacks gain popularity in crypto, Amir Hajian, head of research at market making firm Keyrock, warns in a new report that every dollar spent repurchasing tokens is a dollar diverted from growth and innovation, underscoring the hidden opportunity cost behind the show of confidence. Token buybacks involve blockchain projects repurchasing their own tokens from the open market, similar to stock buybacks. The strategy sucks out circulating supply from the market, creating scarcity and potentially in ...