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LetsBONK Allocates 1% Revenue to Weekly Buybacks of Top Memecoins - Unchained
Solana-based memecoin launchpad LetsBONK plans to allocate 1% of its total platform revenue to buying back the top tokens within its ecosystem.
The funds for the initiative will be reassigned from the team’s marketing fund, designed to directly support and strengthen leading tokens launched through LetsBONK.
LetsBONK founder Tom said the buybacks would happen once a week, and any trading pair that “reaches the high levels” could be included
This story is an excerpt from the Unchained Daily newsletter.
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As of Wednesday evening, the most popular tokens in its ecosystem were Useless Coin with over $300 million in market cap, and Grok AI companion-inspired token ANI, with over $80 million in market cap.
In the past 24 hours, LetsBONK generated $1.4 million in platform fees, which would amount to $14,000 of weekly buyback pressure on the most prominent tokens.