COMPARING THE BUYBACKS $PUMP AND $HYPE OVER THE LAST 7 DAYS 🌟
@pumpdotfun: $14 million
@HyperliquidX: $19 million
1. Market valuation
Pumpfun → Market cap: $2.8 billion, FDV: $8 billion
Hyperliquid → Market cap: $18 billion, FDV: $54 billion
2. Buyback ratio (Buyback ÷ Market cap)
Pumpfun: $14 million ÷ $2.8 billion = 0.5% per week
Hyperliquid: $19 million ÷ $18 billion = 0.11% per week
3. Annual rate (if this level is maintained)
Pumpfun is equivalent to ~28% market cap/year
Hyperliquid is equivalent to ~6% market cap/year
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Considering the buyback ratio relative to market cap, Pump is buying back a significantly larger supply than HYPE (nearly 1/3 of the market cap).
So, is Pump undervalued or is Hype overvalued, folks? Both are top revenue earners among current blockchain dapps!
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