Ideas don't need a pulse.

TLDR:

Graphite Protocol is the cheapest liquid proxy for the Solana launch-pad boom and is tagging along Bonk’s meteoric take-over of Pump.Fun market share.

• Cash-flow: BonkFun now grosses ≈ $1.36 m fees every 24 h; 7.6 % is auto-routed to a $GP reserve, funding ≈ $103 k/day (≈ $37.7 m/yr) of buy-and-burns.
• Supply: Circulating supply is 27.4 m tokens, circ. market cap ≈ $50 m. Annual buy-backs at 35mm+ if Bonk can sustain the fees = ~75 % of float-cap.
• Scarcity: > 50 % of tokens sit in staking, team, or locked wallets.