Ansem Says Community Trust Matters More Than Token Buybacks

Jul 17, 2026

< 1 min read

by Coin Edition

for CoinEdition

Ansem Says Community Trust Matters More Than Token Buybacks

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Trader Ansem argues that community trust, not recurring token buybacks, drives long-term crypto token performance, citing Hyperliquid which generates about $800M annualized revenue and trades at a $65B FDV versus Pump.fun with roughly $440M revenue and a $1.4B FDV. Pump.fun burned about $400M in buybacks yet its token remains down ~80%, highlighting that buybacks alone may not secure adoption, valuation or investor confidence in DeFi and token markets.

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Ansem says community trust matters more than token buybacks in driving long-term price performance.
Hyperliquid trades at $65B FDV on $800M revenue, while Pump.fun is at just $1.4B on $400M.
Pump.fun burned $400M in buybacks and is still down 80%, trust cited as the key.

Crypto trader Ansem has questioned one of the most common assumptions in token markets, that regular buybacks reliably support or drive up a token’s price. His argument, backed by a direct comparison between two of crypto’s most profitable platforms, is that community trust matters more than how much money a team spends buying back its own token.

Hyperliquid generates around $800 million in annualized revenue. Its token HYPE trades at a $65 billion fully diluted valuation. Pump.fun generates around $440 million in annualized revenue. Its token PUMP trades at a $1.4 billion fully diluted valuation…

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