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BONK and Graphite Protocol Token Prices Continue to Rise in the Past Week, Potentially Benefiting from Buyback Strategies

Summary: According to HTX market information, the Solana ecosystem meme coin BONK is currently priced at $0.00002217, with a market cap of $19.69 billion, showing a 51.6% increase in the past week. The rise in BONK token price may be related to the popularity of its issuing platform Letsbonk, as the platform's revenue will be partially ...

According to HTX market information, the Solana ecosystem meme coin BONK is currently priced at $0.00002217, with a market cap of $19.69 billion, showing a 51.6% increase in the past week. The rise in BONK token price may be related to the popularity of its issuing platform Letsbonk, as the platform's revenue will be partially used for buybacks of BONK tokens.

In addition, the Graphite Protocol token GP, part of the Bonk ecosystem development agreement, has surged by 762.5% in the past week, with a market cap of $82.68 million. According to official announcements, the team has already bought back 2.81% of GP tokens in the past 2 months and will continue to do so. The website shows that Graphite Protocol has developed various products based on the Bonk ecosystem, including the copy trading robot Parallel.

Users are reminded that the prices of related tokens are highly volatile, and investment should be approached with caution.

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