Solana Memecoin BONK Gets a $25M Corporate Treasury Boost
Main Idea
Nasdaq-listed Safety Shot acquires a 10% revenue stake in Bonk.fun, adding $25 million in BONK tokens to its treasury, as Bonk.fun dominates Solana's memecoin launch market.
Key Points
1. Safety Shot has acquired a 10% revenue stake in Bonk.fun, receiving $25 million worth of BONK tokens for its treasury.
2. Bonk.fun generated over $35 million in user fees in July, becoming the highest-earning memecoin launchpad on Solana.
3. The platform controls more than 80% of Solana’s daily new token launch market share, with peak days seeing over 20,000 tokens deployed.
4. BONK is the fourth-largest memecoin with a $2 billion market cap and 980,000 applications across DeFi, gaming, and consumer products.
5. Bonk.fun consistently ranks among the top 10 decentralized applications globally in terms of revenue.
Description
Nasdaq-listed Safety Shot (SHOT) has taken a 10% revenue stake in Bonk.fun, among the largest memecoin launchpads on Solana. As part of a deal, Safety Shot will receive $25 million worth of BONK (BONK) for its treasury, aligning the public company directly with the platform’s growth. Bonk.fun generated over $35 million in user fees in July, eclipsing rival Pump.fun to become the month’s highest-earning memecoin launchpad, according to DeFiLlama. The platform controls more than 80% of Solana’s da...
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