TechFlow, July 24 — According to The Block, LetsBONK announced it will allocate 1% of its total revenue to repurchase top token pairs within the BONK ecosystem. The platform has recently surpassed its competitor Pump.fun to become the leading Solana-based memecoin platform in daily trading volume and number of tokens issued. Data shows that LetsBONK generated approximately $1.5 million in fee revenue over the past 24 hours, implying around $15,000 per week will be used for buybacks. The total market capitalization of tokens launched on LetsBONK has now exceeded $1 billion, with Useless Coin ranking first at approximately $312 million.
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