if the Bonk launchpad keeps stealing marketshare from all the other launchpads, then $GP is undervalued here
I havent really seen anyone talk about $GP on here, so this is the long story short
$GP is @SolportTom's token, launched 2 years ago
- 7% of @bonk_fun revenue goes into GP buy backs
- letsbonk did $1,850,000 in fees today
that means $130,000 of buying pressure today from letsbonk fees into GP (variable daily buybacks since their fees change from day to day)
at current fee generation, there will be ~$900,000 in buyback pressure over the next week... on a coin that has a 90 mill mc (assuming bonk continues to grow)
compare this to the Bonk buybacks
- 50% of the letsbonk revenue is used to buy and burn bonk
- 7% is used to buy GP
bonk is at a 2.75 bill mc, which means bonk is ~30 times bigger than GP
yet GP gets 1/7th of the buy pressure that Bonk gets
all of this info is public on the letsbonk website
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