3 months ago, Ansem said "buybacks don't actually work." So I checked 16 tokens that pay their holders. I think he was half right. The size of the buyback means nothing. $STONK pays back 87.6% of its market cap a year. It fell 65% this month. $STONK and $PONS are this summer's revenue meta. They started paying in July and August, peaked at ~$17M in September, and now pay ~75% less. $PUMP has paid holders every month since its ICO. $CRV every month since 2020. What moves the price is whether payouts keep growing. Payouts up: median +2.4%. Payouts down: median -19.2%. BTC, same 30 days: -5.2%. So what should you do with this info? Before you buy a token because it have buybacks, ask yourself two questions: How long has it been paying? Is it paying more than last month? Growing right now: $ORE, $PUMP, $CRV, $SKY. Open https://t.co/1F9V6vJYYo and compare the last 30 days with the 30 days before. It's much more useful than you think.