On July 7th, according to HTX market information, the Solana ecosystem meme coin BONK is currently priced at $0.00002217, with a market capitalization of $1.969 billion, showing a 51.6% increase over the past week. The rise of the BONK token may be related to the popularity of its issuance platform Letsbonk, and according to official website information, part of the platform's revenue will be used to repurchase BONK tokens.
Additionally, the GP token of the Bonk ecosystem development protocol Graphite Protocol has risen by 762.5% in the past week, with a current market capitalization of $82.68 million. According to the official announcement, the team has repurchased 2.81% of GP tokens in the past 2 months and will continue to do so. The official website shows that Graphite Protocol has developed multiple products based on the Bonk ecosystem, including a copy trading bot called Parallel.
BlockBeats reminds users that the prices of related tokens are highly volatile, and users should invest cautiously.
