According to @MilkRoadDaily, token buybacks are picking up across crypto and shrink circulating supply, which benefits long-term holders. According to @MilkRoadDaily, buybacks only add lasting value when funded by real protocol cash flow that converts fees into steady buy pressure and reduces supply over time. According to @MilkRoadDaily, traders should focus on protocols where repurchases are backed by fee revenue and profitability, as unfunded buybacks lack durable impact on price action.