Mentioned:
BONK is one of the most popular meme coins in all of crypto. And now, they’re coming to Wall Street.
What’s happening:
- Safety Shot (NASDAQ: SHOT) has entered into multiple new deals with the BONK Foundation
By the numbers:
- Safety Shot has acquired $25M USD worth of BONK tokens directly from a founding contributor to the BONK ecosystem in exchange for common shares
- Safety Shot has also acquired a 10% revenue sharing interest in BONK’s meme coin launchpad known as BONK.fun
- BONK.fun generated more than $35M USD in fees last month alone and consistently sees more than $100M USD in daily trading volume
Why it matters:
- This is the first time ever that a publicly traded company has taken an ownership stake in BONK’s decentralized meme coin launchpad
Going deeper:
- BONK.fun is the most popular launchpad for meme coins on Solana and has surpassed every other platform in both fees generated and trading volume
The intrigue:
- This is not the first time ever BONK has done a deal with a publicly listed company, previously cutting a deal for staking with DeFi Development Corp (NASDAQ: DFDV)
