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![0xPocho Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::562320457.png) 0xPocho [@0xPocho](/creator/twitter/0xPocho) on x 1343 followers
Created: 2025-07-23 16:12:22 UTC

4/ BUT: buybacks alone ≠ sustainable value.

In early-stage protocols, reinvesting revenue into growth often has higher NPV than buybacks. That’s why timing matters.

A graph from @MessariCrypto highlighted that, for many protocols, buybacks have done little to prevent continued price declines.

![](https://pbs.twimg.com/media/Gwjf4SMXwAAO4e9.jpg)

X engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1948053584706244834/c:line.svg)

[Post Link](https://x.com/0xPocho/status/1948053584706244834)