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Or Benefiting from Buyback Strategy, BONK and its ecosystem development protocol Graphite Protocol's token has seen a continuous increase in the past week

2025.07.07 12:16:25

On July 7th, according to HTX market data, the Solana ecosystem meme coin BONK is currently priced at $0.00002217, having a market capitalization of $19.69 billion and a weekly gain of 51.6%. The rise of the BONK token might be related to its issuing platform, Letsbonk. As per the official website, a portion of the Letsbonk platform's revenue will be used for BONK token buyback. Moreover, the development protocol's token GP of the Bonk ecosystem 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 the prices of related tokens are highly volatile, and user investments should be made with caution.
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