BONK Holdings Inc. has acquired $32 million worth of BONK tokens, representing nearly 3% of the total supply, marking a significant move in the meme coin market. The acquisition was facilitated through FalconX and stored in a Solana Squad Multisig via Fireblocks. This strategic purchase aims to double BONK's holdings and enhance its legitimacy, while integrating yield-sharing through BONK.fun, which handles over $100 million in daily volume.
This development indicates a potential structural shift in meme coin valuation, potentially increasing the credibility and liquidity of similar tokens such as Dogecoin and Shiba Inu. By establishing its first digital asset vault, BONK Holdings is positioning itself to influence the meme coin market significantly.
BONK Holdings Acquires $32M in BONK Tokens, Signaling Meme Coin Valuation Shift
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