Or benefit from the buyback strategy, BONK and its ecosystem development protocol Graphite Protocol Token have continued to rise over the past week.

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On July 7, according to CEX market information, the Solana ecosystem meme coin BONK is currently priced at $0.00002217, with a market capitalization of $1.969 billion, and a rise of 51.6% over the past week. The rise of BONK token may be related to its issuance platform Letsbonk's explosive popularity. According to official information, a portion of the revenue from the Letsbonk platform will be used to buy back BONK tokens. In addition, the token GP of the Bonk ecosystem development protocol Graphite Protocol has increased by 762.5% over the past week, with a current market capitalization of $8.268 million. According to official announcements, the team has repurchased 2.81% of GP tokens over the past two months and will continue to buy back. The official website shows that Graphite Protocol has developed multiple products based on the Bonk ecosystem, including copy trading Bots like Parallel. BlockBeats reminds users that the prices of related tokens are highly volatile, and users should invest cautiously.

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