Solana News Update: BONK's Institutional Investment Mirrors MicroStrategy's Approach to Bitcoin
- Bonk Holdings (BNKK) acquired 2.26T BONK tokens ($32.7M), securing 3% supply via Solana multisig wallet as first DAT. - Institutional strategy includes 10% revenue share from BONK.fun ($100M+ daily volume) and plans to double holdings by year-end. - Price stabilized at $0.00001466 with institutional adoption (e.g., Sharps Technology) drawing parallels to MicroStrategy's Bitcoin treasury model. - Rebranding from Safety Shot and planned 1T token burn aim to reinforce price floors amid mixed trading volume
BONK, a meme coin built on Solana,
This acquisition, executed through crypto broker FalconX and held with Fireblocks, fits into Bonk Holdings' broader plan to weave digital assets into its business model. CEO Jarrett Boon expressed strong belief in BONK's future potential, pointing to the company's 10% revenue share in BONK.fun—a decentralized platform with daily trading volumes exceeding $100 million, as noted by
Market experts are monitoring BONK's price, which settled at $0.00001466 after a turbulent October, with support at $0.00001054 and resistance around $0.0000187, according to Coinotag. The recent accumulation by Bonk Holdings, along with increased institutional involvement—such as Sharps Technology staking SOL in BonkSOL—has fueled optimism for a potential rally. Some analysts compare this strategy to MicroStrategy's approach with its
The October 2025 rebranding of Bonk Holdings from Safety Shot further demonstrates its dedication to digital assets, as it divests non-essential assets to concentrate on high-growth opportunities. This move reflects a wider trend of corporate crypto adoption, with companies like SharpLink utilizing
A major upcoming event for BONK is the planned burn of one trillion tokens, which could decrease supply and help maintain price support. Still, traders remain wary, as lower trading volumes indicate uncertainty. On-chain analysis from
Looking ahead, BONK's potential for a breakout will depend on continued institutional backing, increased trading activity, and favorable on-chain data. For now, its adoption by corporate treasuries and platforms like BONK.fun highlights its growing significance in the digital asset world.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
While broader markets fluctuate, specialized crypto-gaming projects are steadily gaining momentum
- Kamirai bridges DeFi and gaming via Kamirex Exchange, a high-speed DEX for Asia's crypto demand, and a PlayStation/Xbox RPG using its token for transactions and governance. - $HUGS meme coin leverages Milk Mocha IP with 60% APY staking, deflationary token burns, and charity-linked revenue, combining viral branding with blockchain utility. - Mutuum Finance's Ethereum-based lending protocol raised $18.7M in presale, offering institutional-grade DeFi solutions with 250% token price growth and 18,000+ holder
Bitcoin News Today: 95% of Bitcoin's Supply Reached—A Powerful Symbol of Scarcity Triumphing Over Fiat Currency Devaluation
- Bitcoin's supply now exceeds 95% of its 21 million cap, with 2.05 million remaining to be mined by 2140 via halving mechanisms. - The 2024 halving reduced block rewards to 3.125 BTC, intensifying miner reliance on fees as output halves every four years. - Experts highlight Bitcoin's scarcity as a hedge against fiat debasement, though price impacts remain limited as adoption and regulation gain priority. - New projects like Bitcoin Munari aim to replicate Bitcoin's capped supply model while adding program
AI Industry's Contrasting Approaches: C3.ai Faces Downturn While SoundHound Rises on Strong Cash Flow
- C3.ai faces declining revenue (-20% YoY) and widening net losses ($117M Q1 FY2026), driven by margin compression from IPD sales and operational reorganization risks. - SoundHound AI leverages $269M cash reserves to expand conversational AI, achieving 68% YoY revenue growth and strategic acquisitions like Interactions. - Citigroup's strong Q4 earnings ($2.24/share) and dividend hike attract institutional investors, contrasting with AI sector's fragmented performance and valuation challenges. - Divergent A
Visa Introduces a Global Stablecoin Platform to Broaden Worldwide Payment Opportunities
- Visa launches stablecoin payout pilot via Visa Direct, enabling real-time USDC transfers to crypto wallets for emerging market gig workers. - Program allows fiat-funded transactions with stablecoin receipts, addressing currency volatility and limited banking infrastructure in regions like Bolivia. - Partnerships with Nium and Wirex expand cross-border solutions, while regulatory compliance via KYC/AML requirements ensures broader accessibility. - Initiative reflects Visa's strategy to bridge traditional
Trending news
MoreCrypto prices
More
