Graphite Protocol

We've spent the last 8 months working hard behind the scenes on what we want things to look like going forward.

We're excited to enter the new phase of solana:31k88G5Mq7ptbRDf3AM13HAq6wRQHXHikR8hik7wPygk and get back to where we'd all like to be.

This account will start to become more active as things roll out and we talk about what we're going to be doing to create more revenue, create bigger things and, more importantly, be intertwined with the growth of some of the most exciting sectors in the crypto market.

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Over the last 60 days, we have bought and burned a total of 685,880.618 at an average price of $0.14 per .

At the current circulating supply, this represents an annualized burn rate of approximately 13.19% per year.

During the past two months, we experienced a major security incident at bonkfun and have since implemented several core operational and infrastructure changes across the board alongside large security overalls. This has had a temporary impact on revenue performance during the period.

At the same time, some of the larger developments we have spent the last 3 months building are expected to launch this quarter, alongside additional product announcements and releases currently expected to be released between Q3 and Q4.

As always Graphite remains forward looking and will continue to strategically allocate resources to growth and the success of our ecosystem.

Buy backs for $GP has resumed.

There is now $300,000 in USD1 for backdated buy backs which will be deployed retroactively in a defensive capacity to help protect the token from further large sell pressure.

All new revenue will now be placed into a DCA via Jup that executes every 3 days.

From the last 3 days of revenue alone, we have already deployed $21,000 in USD1 into buybacks starting today.

All tokens acquired via revenue buy backs will be burnt as normal.

Treasury & Buyback Update:

Over the last 30 days, the Graphite ecosystem has generated over $2.2M in revenue, continuing to grow market share and strengthen the platform. While automated buybacks are still being finalized following recent upgrades, the treasury has remained active. At current market levels, which we believe doesn't reflect the current reality of the business,

Recently the team has purchased 600,000 $GP OTC from whales who wanted out of the project at an average price of $0.32/$GP.

Today, Graphite holds approximately:

1. More liquid cash than current circulating marketcap which can be used to fuel growth and make sure we can survive for years to come.

2. Millions more in GP tokens accumulated via buybacks

3. A rapidly growing revenue base driven by platform adoption

Our priority remains long-term value creation: reinvesting profits intelligently, strengthening the treasury, increasing GP ownership of the ecosystem, and continuing buybacks as systems finalize.

We are encouraged by the platform's performance and believe current market does not reflect the fundamentals.

Updates on automated buybacks and treasury initiatives will be shared as the new systems go live.

— Graphite Protocol Team