LetsBONK, a leading memecoin launchpad on Solana, has pledged to allocate 1% of its total revenue toward weekly buybacks of top tokens within the BONK ecosystem. Founder Tom confirmed the initiative will occur weekly, targeting high-performing token pairs to bolster ecosystem liquidity and token value.
The commitment follows substantial revenue generation, with reports indicating $1.99 million in 24-hour fees (per Unipcs) and $1.5 million (per Dune Analytics), primarily derived from entertainment features like mini-games and community events rather than traditional DeFi. This positions LetsBONK as a reinvestment hub, redirecting capital to sustain the BONK ecosystem's growth.
Analysts highlight the buyback strategy's potential to increase token scarcity, create consistent buying pressure, and enhance investor confidence. The move aims to transition BONK beyond speculative hype toward sustainable value, echoing lessons from SHIB and DOGE where community alone proved insufficient for longevity. Challenges include maintaining revenue streams and transparency, though current metrics suggest LetsBONK rivals platforms like Pump.fun in profitability.