Buyback Radar

Kinetiq KNTQ

Revenue fadingRank#50▲1Score15

Revenue −37% over 30 days. Also: part of holders revenue is paid out.

Liquid Staking, Hyperliquid L1, 192 days of data

Market cap

$103.2M

price $0.317 · 7d −31.6% · 30d −4.9%

FDV $317.7M (3.1× market cap)

source defillama

Counted per year

$1.2M

holders revenue of the last 30 days, $133k, × 365 ÷ 30, × type factor 0.75 (a mixed model counts 75%)

Mixedbuyback share 59%

Returns 1.6% of its market cap a year, using 59¢ of every $1 it earns.

Not a buyback: counts for 75% in the multiple (type factor 0.75), so the denominator is $1.2M instead of $1.6M.

Multiple

84.8×

peer median 15.5× (Staking, 4 tokens), against 84.8× here

Run-rate

67.8×

last 7 days $39k × 52 × 0.75 (type factor) = $1.5M a year

last week's payout to holders ran 1.3× the 30-day pace: the payout is speeding up

What we checked

  1. Valuation

    Multiple 84.8× (type factor 0.75: a mixed model counts 75%), 5.5× more expensive than its Staking peers (median 15.5×, 4 tokens). The group's largest earner Lido trades at 18.6×: 4.6× dearer per dollar returned to holders. On total revenue: 37.3×, 2.1× dearer than the revenue peer median.

  2. Distribution

    Mixed: Part buyback, part distribution or burn; the exact split is not known. Holders got $133k of $228k revenue in 30 days → buyback share 59%. DefiLlama: “Token Buy Back: Since KIP-2, the 70% of the performance fee paid to the KNTQ buyback wallet; the bought KNTQ went to sKNTQ stakers until 2026-09-15 and to the Hyperliquid Assistance Fund since then (KIP-5).”

  3. Sustainability

    Holders were paid on 30 of 30 days (100%); largest single day 5% of the month's holders revenue; paid to holders this week: 98% of the best week in 90 days. Revenue −11% over 7 days and −37% over 30 days, price −5% over 30 days.

What this does not tell you

The figures come from DefiLlama's adapter for each child protocol. Only a few tokens have an on-chain check (see How the buyback really works); for the rest, whether the tokens were really bought, burned or parked in a treasury wallet is not checked here. Unlocks count where DefiLlama or our research has a vesting schedule; team discretion and liquidity depth only once researched.

Flags

No flags today: no active sell signal, and nothing in the data of this token needs a caveat.

How the buyback really works

Not researched yet. Everything above comes from DefiLlama and market data only.

Holders revenue / revenue (30d)
$133k / $228k
last 30 closed days
To holders
Returns 1.6% of its market cap a year
FDV / dilution
$317.7M / 3.1×
FDV ÷ market cap
Price 7d / 30d
−31.6% / −4.9%
Revenue growth 7d / 30d
−11% / −37%
versus the period before
Divergence
0.00
revenue growth minus price growth, 30d
DEX liquidity
$2.5M
DexScreener, representative pools
24h volume
$9.4M
all markets, CoinGecko
Unlocks 30d
$4.1M
DefiLlama vesting schedule; next unlock Nov 27: $4.1M
Revenue multiple
37.3×
market cap ÷ revenue per year
Fee multiple
5.3×
market cap ÷ fees per year
Distance to peak
98%
this week ÷ best week of 90 days
Data since
May 4
first day with holders revenue

Holders revenue and price

Holders revenue per day7-day averagePrice (right axis)▲ ▼ signal days (history below)

Multiple over time

today 84.8× (scored) · peer median 15.5×

Market cap at close ÷ (holders revenue of the previous 30 days × 365 ÷ 30), with holders revenue capped at revenue and × the type factor: the same effective multiple as the peer median. Values above 100× are drawn at the top. Bands as on the meter; dashed line = peer median today.

Signal history

Signal history of this token: date, type, price at the signal, price after 7 and 30 days, change since the signal and the outcome
DateSignalPrice thenAfter 7dAfter 30dSinceOutcome
October 28, 2026Sell signalclosed Nov 8: revenue no longer meets any of the sell rules$0.559−17%—−43%not counted

Versus peers

Staking (merged group) · 4 tokens · median multiple 15.5× · Lido is valued 2.5× higher. Per dollar that counts for holders, Kinetiq is 4.6× dearer.

Main-ranking peers only. Multiples count holders revenue capped at revenue, × the type factor (buyback 1 · buyback + burn 1 · burn 0.75 · mixed 0.75 · distribution 0.5 · unclear 0.5 · ve-distribution 0.25).

This token against its main-ranking peers: multiple, revenue multiple, buyback share, holders revenue, market cap and revenue growth
TokenDistributionMultipleRevenue multipleBuyback shareTo holders 30dMarket capRev. growth 30d
MarinadeBuyback5.1×2.5×50%$193k$11.9M−13%
SSV NetworkMixed12.4×9.3×100%$275k$31.1M−10%
LidoleaderBuyback18.6×6.2×34%$0$255.2M+6%
Kinetiqthis tokenMixed84.8×37.3×59%$133k$103.2M−37%
Score build-up15 of 100

Total score = 35% valuation + 25% momentum + 20% divergence + 20% quality − penalties, clamped to 0–100. Every number here can be recomputed from the figures on this page.

15of 100#50▲1top 98%
Valuation 3.8Momentum 10.7Divergence 0.0Quality 20.0penalties −20= 14.5
Valuation35%
11Valuation 10.8: HR half 4.7 (multiple 84.77×; 100 at ≤3×, 0 at ≥100×, log scale), revenue half 17.0 (revenue peer value 0.48×; 0 at ≤0.33×, 50 at 1×, 100 at ≥3×, log scale).Average of two halves. HR half: linear in log(multiple), 100 at ≤ 3×, 0 at ≥ 100×, 0 without effective HR. Revenue half: linear in log(revenue peer value), 0 at ≤ 0.33×, 50 at 1×, 100 at ≥ 3×; neutral 50 when the peer group falls back to the universe.
Momentum25%
43Momentum 42.9: m = 0.5·g7 −0.117 + 0.3·(ln(day jump 1.19) clamped ±1.5 = 0.173) + 0.2·g30 −0.462 = −0.099; 0 at ≤−0.7, 50 at 0, 100 at ≥1.1.m = 0.5·g7 + 0.3·ln(day jump, clamped ±1.5) + 0.2·g30; 0 at m ≤ −0.7, 50 at 0, 100 at ≥ 1.1. Neutral 50 when g7 or g30 is missing; a missing day jump counts as 0.
Divergence20%
0Divergence 0.0: d = g30 − p30 = 0.000; 0 at ≤0, 100 at ≥1.5.d = max(0, g30 − p30) when g30 > 0; 0 at d ≤ 0, 100 at d ≥ 1.5, linear.
Quality20%
100Quality 100.0: mean of days HR>0 100% → 100.0 (0 at ≤30%, 100 at ≥90%), largest day 5% of HR30 → 100.0 (0 at ≥60%, 100 at ≤15%), distance to peak 0.98 → 100.0 (0 at ≤0.25, 100 at ≥0.9).Average of: share of days with HR > 0 (0 at ≤ 30%, 100 at ≥ 90%), 1 − largest day ÷ HR30 (0 at ≥ 60%, 100 at ≤ 15%) and distance to peak (0 at ≤ 0.25, 100 at ≥ 0.9).
  • Penalty −15 (unlocks_above_hr30): unlocks next 30d $4.09M above HR30 $133k.
  • Penalty −5 (dilution_above_2): dilution ratio 3.08 above 2.

Penalties−20

−15Unlocks in the next 30 days above HR30unlocks next 30d $4.09M above HR30 $133k
−5Dilution ratio above 2dilution ratio 3.08 above 2

8 rules not applied, 3 wait for research data.

Where the numbers come from
Revenue source
8 active children
DefiLlama adapter per child
Price and market cap
defillama / defillama
latest fetch
Scored on
November 11, 2026
as-of date of the last compute run
On-chain verified
not yet
not checked yet
Protocols behind this token8 at DefiLlama

Per protocol: DefiLlama's methodology text, the distribution type we read from it and the sentence that decided it. The token takes the type of the protocol that returns the most to holders.

  • Kinetiq kHYPE
    Liquid Staking · Hyperliquid L1
    type mixed · source label
    “Token Buy Back: Since KIP-2, the 70% of the performance fee paid to the KNTQ buyback wallet; the bought KNTQ went to sKNTQ stakers until 2026-09-15 and to the Hyperliquid Assistance Fund since then (KIP-5).”

    Since KIP-2 (2026-04-08), the 70% of the performance fee (itself 10% of staking rewards) paid to the KNTQ buyback wallet. The bought KNTQ went to sKNTQ stakers until 2026-09-15 and has been sent to the Hyperliquid Assistance Fund since then (KIP-5, https://kinetiq.xyz/blog/kip-5-kntq-buybacks-assistance-fund).

    Token Buy Back
    Since KIP-2, the 70% of the performance fee paid to the KNTQ buyback wallet; the bought KNTQ went to sKNTQ stakers until 2026-09-15 and to the Hyperliquid Assistance Fund since then (KIP-5).
    adapter on GitHub ↗
  • Kinetiq KNTQ
    Services · Hyperliquid L1
    type unclear · source label
    “KNTQ Fees To Assistance Fund: KNTQ trading fees sent by the deployer to the Hyperliquid Assistance Fund, which has not sold or moved any of that KNTQ to date.”

    All of the trading fees paid in KNTQ on Hyperliquid spot, which the deployer sends to the Hyperliquid Assistance Fund; the fund has not sold or moved any of that KNTQ to date.

    KNTQ Fees To Assistance Fund
    KNTQ trading fees sent by the deployer to the Hyperliquid Assistance Fund, which has not sold or moved any of that KNTQ to date.
    adapter on GitHub ↗
  • Kinetiq Earn
    Yield Aggregator · Hyperliquid L1
    type unclear · source none

    No methodology text at DefiLlama.

    adapter on GitHub ↗
  • Kinetiq Markets Spot
    Interface · Hyperliquid L1
    type unclear · source none

    No methodology text at DefiLlama.

    adapter on GitHub ↗
  • Kinetiq Markets
    Interface · Hyperliquid L1
    type unclear · source none

    No methodology text at DefiLlama.

    adapter on GitHub ↗
  • Kinetiq Markets Perps
    Interface · Hyperliquid L1
    type unclear · source none

    No methodology text at DefiLlama.

    adapter on GitHub ↗
  • Kinetiq Validators
    Liquid Staking · Hyperliquid L1
    type buyback · source label
    “Token Buy Back: The whole invoiced commission, used to buy back KNTQ.”

    All of the commission Kinetiq invoices to validator operators, used to buy back KNTQ. The bought KNTQ went to sKNTQ stakers until 2026-09-15 and has been sent to the Hyperliquid Assistance Fund since then (KIP-5, https://kinetiq.xyz/blog/kip-5-kntq-buybacks-assistance-fund).

    Token Buy Back
    The whole invoiced commission, used to buy back KNTQ.
    adapter on GitHub ↗
  • Kinetiq Launch
    Liquid Staking · Hyperliquid L1
    type buyback · source label
    “Token Buy Back: Buyback share (default 70%) of the performance fee.”

    Buyback share (default 70%) of the performance fee.

    Token Buy Back
    Buyback share (default 70%) of the performance fee.
    adapter on GitHub ↗