Today, let's continue talking about the "buyback" special session. Actually, I covered this session back in November 2025. At that time, I already knew that for altcoins to emerge in the future, they must have buybacks or ETFs; otherwise, they might not be able to break out in the next cycle. The reason is quite simple: during the 2022-2025 cycle, the altcoin season did not really take off, and many altcoins' gains were not as good as Bitcoin's. Now, a new cycle has begun, and all the projects that are breaking out currently have buyback mechanisms. Moreover, those reaching the top have both buybacks and ETFs. So let's review which projects have buyback mechanisms and have broken out. First of all, the strongest buyback mechanism currently is the automatic on-chain buyback and burn. Because most Web3 projects are issued on-chain, protocols automatically use smart contracts to periodically buy back with protocol revenue, which aligns perfectly with the blockchain spirit. 1. hype Currently, projects like hyper fall into this category. Hyper uses 90% of protocol fees for buybacks, and it is a 24/7 money-making machine. Its annual revenue exceeds 1 billion, and there is always a "whale" continuously buying in the market, so the token price naturally skyrockets. Hyper has cumulatively burned 1.3 billion tokens, with an average daily burn of 50,000 hyper tokens. Hyper's price peaked at 97, dropped to a low of 23 in January 2026, and has since quadrupled, making it incredibly deep and unpredictable. 2. Pump The second automatic on-chain buyback is pum

Recently, the DeFi sector has been performing very well, especially some leading DeFi projects. At the beginning of 2026, I actually restarted a special research series for 2026, doing about a dozen sessions, each focusing on high-quality leading projects. For example, in the 11th session, I covered UNI, which had dropped below $4 at the time. If you looked at the price then, you definitely wouldn't dare to buy. Also, in the 14th session, I covered AAVE, which had been hacked and saw its TVL plummet, but I still believed it was the best lending platform. Then there was ONDO in the 13th session, priced at only 0.25 back then, and it has since doubled. I also dedicated two sessions specifically to LINK, which was also at a bottom range at that time. Previously, some fans asked why I dared to bottom-fish these projects during the bear market. I said these are considered very high-quality projects in the crypto space. If these projects can't rise during a bull market, then the crypto space is doomed! I believe they can rise; otherwise, just looking at the price, you definitely wouldn't dare to buy because the K-line showed a downward trend—how could you dare? Actually, it only took about half a year for them to rise, so as long as you're not overly greedy trying to catch the absolute bottom, buying a small portion of these kinds of projects is actually not a big problem. Of course, in this bull market, it's obvious that funds are looking for valuable projects with revenue, rather than blindly chasing meme projects. Although the overall market may currently be in a correction trend, I think there might be a third opportunity around the FOMC meeting on September 15.