Graphite Protocol(SUPPORT) ✪
@GraphiteProtooo
Graphite Protocol - We build smart contracts and tech currently powering@LiveBONK &@bonk_fun Token ID: 31k88G5Mq7ptbRDf3AM13HAq6wRQHXHikR8hik7wP ygk
As a value long term investor with many years experience at $GS, GP has become my 3rd largest single bet. When your company is trading below intrinsic value, buy. $gp is making such a smart move buying at discount. Well done @GraphiteProto & @SolportTom . $wlfi results incoming
We have acquired another $15,000 USDC worth of $GP for the $GP Strategic Reserve at an average price of $0.36 per $GP. The Strategic Reserve consists of tokens bought on the open market, separate from buybacks, reflecting our belief in the long-term future of the token.
Graphites new website is now live with new streamlined docs built in! Some notable pages 👇
.@bonk_fun has maintained a steady 80%+ marketshare of the meme coin market for over a week! Graphite is proud to be the operators and technical providers powering the platform alongside $BONK.
To clear up some confusion all the tokens that are bought via DCA will be burnt, we will process the burn every 5% of the supply that is bought.
Earlier Today we opened a new DCA of 2,773 $SOL( $534,619.86) on top of our already existing DCA from earlier this week. Addtionally, there is another another 555 $SOL from this weeks revenue that isn't currently deployed into the DCA. There is 3756.61 $SOL in active DCA's!
The website we built is currently under legal review, which is why it’s not live yet. Once the review is complete, we’ll make it live and also have clearance to start venturing for deeper liquidity. The estimated timeframe is 48–72 business hours. Thanks for your patience!
A total of 4366 $SOL ($881,932) has been allocated for the weekly buy backs. Due to the volume @bonk_fun is receiving, we are going to be increasing the amount of times per week the fees are claimed.
New website that shows all the burns and what we do is being built atm. We also have had great interest across the board for deeper liq and are in convos with some CEX's - no promises but figured we'd write an update! Thanks for all your belief! 🤝 Forward
Another week another DCA claim. After doing the math we've concluded that we have a total of 3183.03 $SOL to buy back and burn $GP with. That's a total of $515,651. This week we'll be changing our DCA structure to fire off buys every minute instead of 2 per day.
If current revenue continues buy backs are estimated to be close to 600 $SOL a day ($93,600) which equates to $655,200/week in buy back and burns. Working hard to maintain marketshare. 🫡
There is 2052 $SOL of buy backs that is about to be processed from the last 7 days of revenue.
In the last 2 months we’ve bought back 2.81% of $GP from @bonk_fun revenue. This week: 316.08 $SOL ready to DCA more. At current FDV we expect to buy back ~26% of supply PA, and then a big burn will be processed for every 5% we buy. Buy back wallet 👇
We are going to be starting our buy back and burn program shortly. So far for the week we have 968.84 $SOL to buy back $GP with. This equates to around $23,000/day. We'll be placing a DCA order via jup that is placing orders per day over the 7 day period.
Thanks for the shoutout Solana!
Another week, more W’s by Solana builders. Plus very quiet ATHs for Solana DeFi — as stablecoins hit $13B issued. Here’s your weekly snapshot of Solana highlights: - @DanJablonski_ noted that Solana DeFi put up some ATHs, with Liquid staking TVL up 121% YoY, record…
Love all the interest and thought going into the $GP ecosystem! @bonk_fun is doing even better than we ever expected — and that’s thanks to the collaboration with Solana OGs, all working together to build a better product for the ecosystem. Here are a few points for clarity 👇
The top holders of $GP are as follows: The GEN1 staking wallet — it still has 1.5 years of emissions remaining and emits around 25,000 tokens per day, give or take (though not many people claim it daily). The others are our team wallet and $GP staking's wallet.
Rewards from all the platforms and ventures we’re involved in flow back into $GP. We’ll have more announcements about this soon — but for now, our full focus is on developing @bonk_fun. There’s a lot of work to do and not much time to get it all done!
How much would you pay to have access to the most profitable wallets on chain and have the ability to copy them in real time? (PERPS & LPs ) I can tell you now it’s under $4000 $GP
I'm currently helping test @parallel_bot by @TaiyoRobotics , the first actual one-stop-shop DLMM copytrading solution on SOL. - no shitty TG bot, proper Web interface - no need for running cloud servers or fiddling with clunky additional tech, all you need is the website -…
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