Capital markets are funding the AI buildout at historic scale: ~$400B over 6 months. Bitcoin ETFs have seen ~$4B of outflows since May 14, pressuring $BTC. This is a capital rotation, not a Bitcoin impairment. Volatility creates opportunity.
Over the last 60 days, we have bought and burned a total of 685,880.618 at an average price of $0.14 per .
At the current circulating supply, this represents an annualized burn rate of approximately 13.19% per year.
During the past two months, we experienced a major security incident at bonkfun and have since implemented several core operational and infrastructure changes across the board alongside large security overalls. This has had a temporary impact on revenue performance during the period.
At the same time, some of the larger developments we have spent the last 3 months building are expected to launch this quarter, alongside additional product announcements and releases currently expected to be released between Q3 and Q4.
As always Graphite remains forward looking and will continue to strategically allocate resources to growth and the success of our ecosystem.
GM $PITCH holders and watchers,
I know many people are waiting for updates. The team's last message was around 40 hours ago, and they previously mentioned they were working on the X account situation.
Personally, I’m still hopeful. They may also be focusing on development behind the scenes, including the website and mobile app.
In the meantime, I created an unofficial chat for holders to discuss and share information with each other: https://t.co/urRIPtKJVt
Feel free to join, and let's see how things unfold over the next few days while we wait for official updates.