Hey there, crypto enthusiasts! If you’ve been keeping an eye on the meme coin and blockchain space, you’ve probably heard of Graphite Protocol. This project has just hit a major milestone, and the team is buzzing with excitement. On August 10, 2025, at 02:49 UTC (that’s early morning for us here in Japan at 01:04 PM JST), Graphite Protocol shared some exciting news on X: they’ve passed their second review! This is a big deal, and it’s paving the way for some cool updates coming next week.

What’s Happening with Graphite Protocol?

So, what does this milestone mean? First off, the project is set to launch a brand-new website and a fresh whitepaper next week. For those new to the crypto world, a whitepaper is like a blueprint—it outlines the project’s goals, technology, and how it plans to succeed. This update signals that Graphite Protocol is leveling up, aiming to provide deeper liquidity and kick off the next phase of its journey. Think of it as the project getting ready to take bigger steps in the blockchain universe!

The team also hinted at tackling some challenges head-on. They’ve acknowledged the misinformation and rumors floating around about their token (GP) and the team behind it. With the new whitepaper and website, they hope to clear the air, giving the community a chance to verify facts easily. No more digging through endless threads—just straightforward info to set the record straight.

Growth and Future Plans

But that’s not all! Graphite Protocol has seen some impressive growth. In just two months, they’ve gone from a $5 million yearly business to over $50 million, building a solid treasury from business revenues. That’s a huge leap! This financial boost puts them in a strong position to execute their plans, including expanding their influence in the Solana ecosystem and beyond.

One exciting mention is their connection to Bonk, a popular meme coin on Solana. The team is gearing up to shape the future of Bonk and develop more products under the Graphite umbrella. With three years of hard work behind them, they’re thanking their community with a celebratory vibe—complete with a cute rabbit holding a graphite crystal (check out the image below!).

What’s Next for the Community?

The X thread also promises to address key issues like token emissions and community alignment. This shows Graphite Protocol is listening to its supporters and working to create a healthier ecosystem. Fans are already hyped, with comments like “To the moon $GP!” and predictions of big moves ahead. Some are even joking about their GP bags “crying” (a fun way to say they’re waiting for the price to rise), while others are optimistic about Bonk’s potential to soar from 330 million to 1 billion in value.

If you’re into meme coins or blockchain projects, this is a development worth watching. The new website and whitepaper will likely drop some juicy details, so keep an eye out next week. For now, you can follow Graphite Protocol on X for the latest updates.

Why This Matters

For blockchain practitioners and meme coin lovers, Graphite Protocol’s progress is a reminder of how fast the crypto space can evolve. With a market cap of $54.38 million and a trading volume of $13 million in the last 24 hours (according to CoinGecko), GP is making waves. Its focus on Solana and community-driven growth aligns with the trends we’re seeing in 2025. Whether you’re a casual investor or a tech enthusiast, staying informed about projects like this can help you navigate the wild world of cryptocurrency.

So, what do you think? Are you excited for the next stage of Graphite Protocol? Drop your thoughts in the comments, and let’s chat about where this project might take us next! For more meme coin news and insights, stick with Meme Insider as we break down the latest in the blockchain world.