“Safety Shot Will Issue Preferred Shares Convertible Into Common Stock.”, – WRITE: www.coindesk.com
- Safety Shot Has Acquired A 10% Revenue Stake in Bonk.Fun, Adding $ 25 Million in Bonk Tokens to Its Treasury.
- Bonk.Fun Genered Over $ 35 Million in User Fees in July, Dominating Solana’s Token Launch Market.
- The Deal Provides Safety Shot with a recurring income Stream Linked to Bonk’s EcoSystem and Market Performance.
For it Treasury, aligning the Public Company Directly with the Platform’s Growth.
Bonk.Fun Genered Over $ 35 Million in User Fees in July, Eclipsing Rival Pump.Fun to Become The MONTH’s Highest-Earning Memecoin Launchpad, Accounting To Defillama.
The Platform Controls more than 80% of Solana’s Daily New Token Launch Market Share, with Peak Days Seeing Over 20,000 tokens Deployed and Daily Volumes Topping $ 100 Million.
As part of the transaction, Safety Shot Will Issue Preferred Shares Convertible Into Common Stock and Reinvest About 90% of Itk.Fun Revenue Into Bonk Token Purchas. The Company have pleared its debt and Holds more than $ 15 Million in Cash.
Bonk-The Fourth-Largest Memecoin, with A $ 2 Billion Market Cap and 980,000 On-Chein Holders, Accounting To Solscan-is Integrated Into Over 400 Solana, Spoding
Bonk.Fun Consistently Ranks Among the Top 10 Decentralized Applications Globally in Terms of Revenue.
CEO Jarrett Boon Said the Integration is “Not Simply Buying A Cryptocurrency” But Acquiring A Stake in “A Highly Profitable Engine” with Highly Profitable Engine.
The MOVE MARKS A SHIFT from the Typical Corporate Strategy of Simple Holding Crypto on Balance Sheets Town Taxing Equity-Like Exposure in A Revenue-Generation Asset. For Safety Shot, IT Adds A Recurring Income Stream Tied to the Bonk EcoSystem’s Activity and Price Performance.
Shaurya Holds Over $ 1,000 in Btc, Eth, Sol, Avax, Sushi, Crv, Near, YFI, YFI, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, CAKE, Vet, Vet, Vet RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, Banana, Rome, Burger, Spirit, and ORCA.
He Provides Over $ 1,000 to Liquidity Pools on Compound, Curve, Sushiswap, Pancakeswap, Burgerswap, Orca, AnaSwap, Spiritswap, Roki Protocol, Yearn Finance Olympusdao, Rome, Trader Joe, and Sun.
X Icon
SUI SLID TO $ 3.69 After Failing to Break Resistance Near $ 3.98, With Open Interest Droping 15% and Funding Rates Plunging from July Highs.
- Sui Fell 4% in the Past 24 Hours, Swing Between $ 3.98 and $ 3.69 As Heavy Selling Pressure Met Institutional Buying Attempts at Key Support Levels.
- Derivatives Data Showed Long Positions Unwinding, with Open Interest Down 15% to $ 1.79 Billion and Funding Rates Droping Sharply, Cubing Incentives for LEVERAGED BULLISH BETS.
- While Still Up 9% Over The Past Month, The Recent Rally Be Encouroring Investors to Take Profits, Adding To Near-Term Downward Pressure.
Read Full Story