Make Fundamentals Great Again

Among the projects that did not drown in the first quarter due to Trump's policies in trade wars are the tokens of projects that earn real revenue and use it to buy back their own token:

RAY - $250M-$300M commissions per year with a market cap of $1.5B (5-6x), 70-75% of commissions are used for buybacks

HYPE - $400-500M commissions at $8-9B circ (20x) and use the entire protocol revenue to buy back the token.

JUP - $300-400M commissions with ~$2B circ (6x) and 50% for buyback.