Meme Insider
Hey there, crypto enthusiasts! If you’ve been keeping an eye on the meme coin scene, you’ve probably noticed some exciting movements with Graphite Protocol (GP), a token thriving within the Solana ecosystem. A recent tweet from @travelfrog2k on July 27, 2025, caught our attention at Meme Insider, and we’re here to break it down for you in a way that’s easy to digest. Let’s dive into the details of this intriguing buy/burn strategy and what it means for the future of GP.
What’s the Buzz About GP Buy/Burn?
The tweet includes a fascinating graph titled "Weekly GP Buy/BURN in USD (7.67% of bonkfun fees)," which tracks the growth of GP buybacks and burns from late April 2025 to late July 2025.
According to the post, the buybacks for this week are projected at $876,000, marking a solid 5.2% increase from the previous week. That’s a clear sign of growth! The data also uses a Solana (SOL) price of $189 to convert the buy/burn amounts into USD, giving us a snapshot of the market dynamics at play.
Decoding the Graph
Let’s take a closer look at the graph. Starting in late April, the buy/burn activity kicked off with a modest amount, hovering around $100,000. There was a noticeable spike in early May, pushing the value past $300,000, followed by a dip and a period of stability around $100,000 to $200,000 through June. However, things heated up in July, with a steep upward trend that saw the weekly buy/burns climb to nearly $900,000 by late July. This upward trajectory suggests growing confidence and investment in the GP token.
The 7.67% allocation from bonkfun fees highlights a strategic approach to reinvesting platform revenue back into the ecosystem. This not only supports GP but also ties into the broader Solana network, where tokens like BONK and GP are making waves.
Market Context and Implications
With a market cap of $181 million as mentioned in the tweet, GP is carving out a significant niche. The post also notes that GP has seen a 99.20% price increase over the last seven days, outpacing the global crypto market’s 0.20% growth. This explosive growth places GP at rank #323 on CoinGecko, with a circulating supply of 30 million tokens and a fully diluted valuation (FDV) that’s even more impressive.
For those new to the concept, token burning is like taking coins out of circulation permanently—think of it as a controlled supply shrink. This can drive up demand if the community believes in the project’s long-term value. Given GP’s performance, it’s clear that the buy/burn strategy is resonating with investors, especially within the Solana ecosystem, known for its high-speed transactions and growing meme coin culture.
Why This Matters for Meme Coin Fans
Meme coins often get a bad rap for being speculative, but projects like GP show how innovative strategies can add real value. The buy/burn mechanism not only reduces supply but also rewards early holders by potentially boosting the token’s price. Plus, with the Solana blockchain’s low fees and fast processing, it’s an ideal playground for such experiments.
If you’re a blockchain practitioner or just a curious investor, keeping an eye on GP’s progress could offer valuable insights. The transparency from platforms like letsbonk.fun and the real-time data shared by users like @travelfrog2k make it easier than ever to stay informed.
What’s Next for GP?
As of 02:15 AM +07 on July 28, 2025, the momentum seems to be on GP’s side. The 5.2% week-over-week growth suggests this trend might continue, but crypto markets are notoriously volatile. Will the buy/burn strategy push GP to new heights, or will we see a correction? Only time will tell, but the data points to a project worth watching.
We’ll keep you posted with the latest updates here at Meme Insider. In the meantime, what do you think about GP’s strategy? Drop your thoughts in the comments, and let’s chat about the future of meme coins!
