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
Bitcoin Updates: S&P's Speculative Grade Challenges Bitcoin's $74 Billion Corporate Investment
- S&P Global Ratings assigned a historic B- junk rating to Strategy Inc. (formerly MicroStrategy), citing high Bitcoin concentration, limited diversification, and liquidity risks. - The company holds 640,808 BTC ($74B), the largest corporate Bitcoin treasury, while CEO Michael Saylor called the rating a milestone for crypto's financial integration. - S&P warned of volatile exposure to Bitcoin's price swings, yet Strategy maintains a stable outlook if capital access continues for $640M dividends and $8B deb
Adobe Firefly 5: AI That Adjusts to Match Your Unique Creative Approach
- Adobe launches Firefly Image 5 with native 4MP resolution, layered editing, and custom AI model creation for personalized artistic styles. - Enterprise tools like GenStudio automate content production, while Project Moonlight enables conversational AI-driven creative workflows across platforms. - Partnerships with ElevenLabs and Topaz Labs expand Firefly's capabilities, supporting brand-specific AI models for video, audio, and 3D content. - The update addresses industry demands for scalable creative effi
Solana News Update: Introduction of Solana ETF Sparks Increased Institutional Investment in Crypto
- Bitwise's BSOL became the first U.S. spot Solana ETF to trade, offering direct SOL exposure with staking rewards and a 0.20% fee waiver for three months. - Seven Solana ETFs including VanEck's VSOL (0.30% fee) await SEC approval, with regulatory delays caused by the government shutdown affecting 21Shares and Grayscale's GSOL conversion. - SOL's $203 price rise and bullish technical patterns suggest potential for $412, aligning with JPMorgan's $3-6B inflow forecasts for a Solana ETF's first year. - Instit
Digital Growth Fuels $699M Boom for Airtel Africa in Nigeria
- Airtel Nigeria's H1 2025 revenue surged 46.5% to $699M, driven by $2.98B growth at Airtel Africa from currency appreciation and strategic initiatives. - Data services overtook voice as Airtel Africa's largest revenue segment ($1.16B), fueled by 46.8% smartphone penetration and network expansion. - Airtel Africa raised 2026 capex guidance to $875M-$900M, deploying $318M in H1 for 2,350 new sites and 4,000km fiber expansion to support digital inclusion. - Airtel Money nears 50M users with $200B annualized
Trending news
MoreCrypto prices
More
