On July 8, according to GMGN data, the market capitalization of Bonk ecosystem development protocol Graphite Protocol token GP broke through $120 million, reaching a historical high, currently reported at $111 million, with a 24-hour increase of 22.2% and a 24-hour trading volume of $13.4 million.
According to a previous official announcement by Graphite Protocol, 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 related token prices are highly volatile, and users should invest cautiously.
