Fragmetric, the liquid restaking protocol on Solana, just dropped their latest buyback update, and it's looking solid for FRAG token holders. If you're not familiar, Fragmetric lets users stake their SOL twice—once for regular staking and again for restaking—to earn more yields through their fragSOL token. The FRAG token is the governance and utility token in this ecosystem, often buzzing in meme token circles for its community-driven vibes and potential upside.

In this third weekly buyback, the team snapped up 355,677 FRAG tokens at an average price of $0.0056. All of this was funded straight from the protocol's fees, representing 100% of the earnings generated between November 13 and November 19. Specifically, that's equal to 4% of the total yield from fragSOL during that period. These tokens have been moved to the Fragmetric Treasury Wallet, which typically signals a commitment to reducing circulating supply and potentially driving up the token's value over time.

This buyback mechanism is a smart way for projects like Fragmetric to return value to their community. By using real protocol revenue—in this case, from restaking fees—it creates a sustainable loop where user activity directly benefits token holders. If you're holding FRAG or thinking about jumping in, moves like this could help stabilize and appreciate the price, especially in the volatile world of Solana-based tokens.

For more details on Fragmetric, check out their official site at fragmetric.io. And if you're into meme tokens with real utility, keep an eye on how these buybacks evolve— they might just be the fuel FRAG needs to frag the competition.

What This Means for FRAG Holders

Buybacks like this one reduce the total supply of FRAG in circulation, which can lead to scarcity and potentially higher prices if demand stays steady or grows. With Solana's ecosystem heating up, restaking protocols are gaining traction, and Fragmetric's approach ties directly into that momentum.

How Fragmetric's Model Works

At its core, Fragmetric offers liquid restaking: You stake SOL to get fragSOL, which you can use in DeFi while still earning staking rewards. A portion of the yields funds these buybacks, ensuring the protocol's success trickles down to FRAG.

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