A recent analysis by Messari has revealed that token buyback programs, often touted as a stabilizing mechanism, have failed to prevent sharp price declines for several major tokens.
This comes as buyback programs have gained traction, with many networks adopting similar strategies.
Are Token Buybacks Effective? Messari’s Analysis Says Otherwise
BeInCrypto recently pointed out that the token buyback trend is expanding. The list of networks implementing these programs is extensive, including Arbitrum (ARB), Aave (AAVE), Jupiter (JUP), and Hyperliquid (HYPER), among others
source: https://beincrypto.com/messari-token-buyback-programs-fail/