Solana Memecoin BONK Gets a $25M Corporate Treasury Boost

[ad_1]

Nasdaq-listed Safety Shot (SHOT) has taken a 10% income stake in Bonk.enjoyable, among the many largest memecoin launchpads on Solana. As a part of a deal, Safety Shot will obtain $25 million price of BONK (BONK) for its treasury, aligning the general public firm instantly with the platform’s development.

Bonk.enjoyable generated over $35 million in consumer charges in July, eclipsing rival Pump.enjoyable to develop into the month’s highest-earning memecoin launchpad, based on DeFiLlama.

The platform controls greater than 80% of Solana’s day by day new token launch market share, with peak days seeing over 20,000 tokens deployed and day by day volumes topping $100 million.

As a part of the transaction, Safety Shot will challenge most popular shares convertible into frequent inventory and reinvest about 90% of its BONK.enjoyable income into BONK token purchases. The firm has cleared its debt and holds greater than $15 million in money.

BONK — the fourth-largest memecoin, with a $2 billion market cap and 980,000 on-chain holders, based on SolScan — is built-in into over 400 Solana functions, spanning DeFi, gaming, and client merchandise.

Bonk.enjoyable persistently ranks among the many high 10 decentralized functions globally by way of income.

CEO Jarrett Boon stated the mixing is “not simply buying a cryptocurrency” however buying a stake in “a highly profitable engine” inside digital belongings.

The transfer marks a shift from the everyday company technique of merely holding crypto on steadiness sheets towards taking equity-like publicity in a revenue-generating asset. For Safety Shot, it provides a recurring revenue stream tied to the BONK ecosystem’s exercise and value efficiency.

[ad_2]