Base ecosystem token BNKR tumbles about 18% as Pools.fun plans protocol token

Base ecosystem token BNKR fell about 18% in a single day, pushing its market capitalization down to $25 million, after Bankr founder deployer said token issuance platform Pools.fun will launch an official protocol token. The plan includes using 30% of all protocol fees to buy back and burn the token, alongside a planned airdrop and a points system that will factor in users' trading volume and the trading volume generated by tokens deployed on the platform. Pools.fun was launched jointly by Bankr and Sushi as a token launch platform on Robinhood Chain aimed at competing with pools.trade, a platform under Uniswap.

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