Comparing $LIT and $HYPE Buyback Dynamics

Recent buyback activity tells an interesting story:

$HYPE has been aggressive—pulling in roughly $2.37M in buybacks over the last 24 hours. Meanwhile, $LIT's treasury sits on approximately 182k tokens, which translates to about $533k at today's prices.

The narrative circulating in certain circles? That $LIT is severely underpriced. The thesis goes: once buybacks accumulate enough momentum, the two tokens should converge toward parity.

But here's where the math gets uncomfortable. The actual mechanics don't quite support that optimistic story. The buyback volumes, treasury runway, and current market dynamics paint a different picture—one that's far more complex than a simple "hold and wait" scenario.

The gap between what people *think* should happen and what's actually happening in the data is worth examining closely.