Description: Token buybacks look bullish on the surface, but the mechanics behind them tell a very different story. In this episode, we break down why buybacks feel so powerful in crypto and why they can quietly cap long-term upside if used the wrong way.We’ll talk about:Why buybacks work so well at boosting price by tightening circulating supplyThe hidden opportunity cost most protocols ignore when choosing buybacksHow demand-side growth like product and BD compares to supply-side engineeringWhen buybacks make sense and when they’re a red flag for stalled innovationKeywords: buybacks, token buybacks, circulating supply, crypto tokenomics, capital allocation, protocol revenue, crypto growth strategy

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