Solana’s Fragmetric Proposal: 4% Token Buyback on the Horizon

A new protocol called Fragmetric, built on the Solana blockchain, has proposed a significant initiative: repurchase of their native token, FRAG. This proposal will allocate 4% of total revenue, roughly $252,000 annually, towards buying back approximately 9.71 million FRAG tokens, representing about 5% of the circulating supply. If approved by Solana’s community, this buyback program will begin within two weeks, using a technique called TWAP orders on the open market and being fully transparent through a dedicated Dune dashboard.