Graphite Protocol Token Market Cap Surges to $1.2 Billion

On July 8, 2025, the market capitalization of the Graphite Protocol token (GP) surged past $1.2 billion, marking a peak at $1.11 billion, driven by a 22.2% rise in its price over the past 24 hours.

Such changes underscore ongoing volatility within the market, especially for the GP token, which has experienced large price movements recently, signaling high investor interest.

Key Developments, Impact, and Reactions

Graphite Protocol’s GP token recently reached a peak market capitalization of $1.2 billion. The token’s price increased 22.2% within a day, reflecting intense market activity. The protocol’s planned buybacks have accumulated more than 2.81% of total tokens over the past two months. Graphite Protocol’s buyback intention aims to bolster its market position, enhancing token scarcity and driving investor interest. Observers have noted sharp price fluctuations, aligning with increased trading activity in early July 2025. Warnings from market experts arise regarding potential volatility and investment risks. However, no official statements from key opinion leaders have been reported.

“We have repurchased 2.81% of GP tokens within the last two months, and plan to continue this initiative,” stated the Graphite Protocol Team in their official Buyback Announcement.

GP Token’s Volatility and Strategic Buybacks

Did you know? The Graphite Protocol token previously hit an all-time high of $1.91 on July 6, 2025, showing its cyclical price behavior that mirrors volatility seen since its launch.

Graphite Protocol (GP) currently trades at $1.79, with trading volumes increasing 73.33% to $10,973,628.78 in the last 24 hours, according to CoinMarketCap data as of July 8, 2025. The GP token registered a dramatic 5,281.92% price jump over 90 days, underscoring its speculative nature.

Insights from the Coincu Research Team indicate that recent buyback activity by Graphite highlights a strategic move to manage supply and potentially enhance token value. While such actions could inspire short-term gains, they also require consideration of long-term sustainability in a volatile crypto environment.