Or Benefiting from Buyback Strategy, BONK and its ecosystem development protocol Graphite Protocol's token has seen a continuous increase in the past week
BlockBeats News, July 7th, according to HTX market data, Solana ecosystem meme coin BONK is currently priced at $0.00002217, with a market capitalization of $19.69 billion, and a weekly gain of 51.6%. The rise of the BONK token may be related to its issuing platform Letsbonk, as per the official website, part of Letsbonk platform revenue will be used for BONK token buyback.
Furthermore, the development protocol of Bonk's ecosystem, Graphite Protocol's token GP, has surged by 762.5% in the past week, with a market capitalization of $82.68 million. According to an official announcement, in the past 2 months, the team has repurchased 2.81% of GP tokens and will continue to do so. The website indicates that Graphite Protocol has developed multiple products based on the Bonk ecosystem, including the copy trading robot Parallel.
BlockBeats reminds users that related token prices are highly volatile, and user investments should be cautious.
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