On July 23, 2025, the memecoin platform LetsBONK announced a strategic shift, allocating 1% of its total revenue for buybacks within the BONK ecosystem.
Percentage of Revenue Directed to Buybacks
LetsBONK plans to utilize 1% of its total revenue for buybacks in the spot market every week, prioritizing pairs with the highest volume. The first target is the Useless coin valued at $312 million.
Impact on the BONK Ecosystem
The total market cap of altcoins launched via LetsBONK has swiftly surpassed $1 billion. Weekly liquidity injections are expected to trigger an influx of new projects and maintain balance against short-term selling pressure.
Market Competition for Memecoins
On the competitive front, the Pump platform has introduced the new PUMP coin, linking revenue sharing to community governance. The buyback strategy from LetsBONK may foster user loyalty.
LetsBONK's strategic transition towards buybacks has already led to significant growth in the memecoin market and is a vital step towards price stabilization in the BONK ecosystem.
