Graphite Protocol to Hold Token Burn

Name: Token Burn
Start: 2025-08-15T00:00:00Z
End: 2025-08-16T00:00:00Z

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Graphite Protocol has recently announced the destruction of 4.7% of its total supply. These tokens were previously accumulated through their buy-back program, powered by letsBONK.fun Revenue.

Event date: August 15, 2025 UTC

What is coin (token) burn?

A coin (token) burn is a process of sending a certain amount of cryptocurrency to a public address that has unobtainable private keys. In the future, the sent coins cannot be spent, thus the coin burn leads to an overall decrease in the cryptocurrency circulating supply.

GP Price Changes After Event Publication

GP Events on the Chart

17.99%

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25.93%

2 days

71.80%

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