Bonk news

Nine crypto ETF applications, including spot Avalanche, stablecoin/tokenization, Bitcoin/Ethereum basis‑trade, Bonk, Litecoin, Sui, and a 2x Orbs fund, were filed with the SEC, adding to a backlog of over 90 pending proposals. Analysts estimate the spot AVAX ETF has the highest likelihood of approval due to its simplicity, while meme‑coin and basis‑trade products face greater scrutiny because of volatility and liquidity concerns. Bitwise, Defiance, Tuttle, and T‑Rex are among the issuers pushing into riskier territory as they seek institutional exposure to a diverse range of digital assets. The filings come amid strong inflows into U.S. Bitcoin ETFs, which saw their largest weekly intake since July, raising holdings to a fresh record. Despite the SEC's recent clarification that meme coins are not securities, regulators remain cautious about long‑tail altcoin and leveraged products, potentially limiting approvals until the next review cycle.

Safety Shot, a Nasdaq‑listed company valued at $85.4 million, announced the launch of BONK Holdings LLC to steer its digital‑asset strategy around the Bonk (BONK) meme coin. The subsidiary has acquired 228.9 billion BONK tokens at an average price of $0.00002184, giving Safety Shot a stake of more than 2.5 % of the token’s circulating supply and an estimated $55 million market value. The firm plans to deploy the tokens within Solana’s DeFi ecosystem through staking, liquidity provision and yield farming to generate non‑dilutive returns that could strengthen its finances. The announcement sent Safety Shot’s shares to a two‑month low of $0.37 before closing the day at $0.39, a 0.74 % decline. Meanwhile, BONK itself has risen, posting a 26.4 % weekly gain and trading near $0.000025.

Pump.fun introduced a dynamic fee model in “Project Ascend,” scaling from 0.95% for tokens below a $300k market cap to 0.05% above $20M, replacing the flat 0.05% fee that had been in place since May. The shift follows a rebound after losing ground to rival Bonk, with revenue exceeding $834 million and a quarterly run‑rate of $492 million. Buybacks have surpassed $68.9 million, and some days channel more than 100% of revenue to repurchase PUMP tokens. Daily activity hovers at 200,000‑300,000 traders, 12.7 million tokens issued, and 20,000‑30,000 new tokens daily, capturing 10%‑25% of Solana volume. Bonk’s earlier surge has faded, leaving Pump.fun firmly back in the Solana memecoin arena.

The meme‑coin market ended August on a weak thread, gaining only 1.3 % over the week while PEPE, TRUMP, BONK and SPX have dropped 13 %, 12 %, 32 % and more than 42 % in the past month. Whales have begun to accumulate across the sector, signalling a possible shift as on‑chain data diverged from retail outflows. Bonk (BONK), down 32 % overall, saw whale holdings grow 16 % to 2.51 trillion, pushing the coin near a support‑turned‑resistance; a breakout above $0.0000239 could trigger further upside. Pudgy Penguins (PENGU) has slipped 25 % but whale balances rose 1.8 %, with a bullish Parabolic SAR and key levels at $0.031 and $0.036 suggesting a rebound. Dogecoin (DOGE) remains comparatively steady, with mega wallets adding $84 million over the weekend and a Bull‑Bear indicator hinting at a possible jump if the price surges past $0.2449. Together, these tokens illustrate the nuanced volatility of meme coins and the growing appetite of large holders for a September recovery.

Safety Shot, a Nasdaq‑listed drinks manufacturer, saw its shares plunge 50 % after announcing a plan to purchase $25 million of the Solana‑based memecoin Bonk as a core treasury asset. The company said the move gives it a technology edge over competitors such as Shiba Inu and Pepe, citing Bonk’s high‑speed, low‑cost transactions versus higher fees on Ethereum‑based tokens. Bonk, the fifth‑largest memecoin by market cap, has fallen 57 % from a November 2024 peak as the broader meme‑token frenzy has subsided. Safety Shot reported it has settled all debt, holds more than $15 million in cash and will issue $35 million of convertible preferred shares. The announcement did not calm investors, with the stock falling to $0.59 in after‑hours trading, despite a 36 % rise over the past month. The firm is not alone, as other public companies such as GD Culture Group have also entered the memecoin treasury space.

On August 11, Nasdaq‑listed Safety Shot announced it had created a corporate treasury holding $25 million of BONK tokens, acquired via a partnership with BONK’s founding contributors, after issuing $35 million in convertible preferred shares. The move joins a growing cohort of public companies expanding beyond Bitcoin treasuries into altcoin ecosystems, following examples such as Bit Origin’s Dogecoin purchase and SharpLink Gaming's ETH holdings. Safety Shot cited BONK’s Solana‑based network—high‑speed and low‑cost—and its $2 billion-plus market cap as key reasons for the treasury selection. The deal follows the company’s debt settlement and cash reserve buildup to over $15 million, positioning the tokens as core assets in its broader digital‑asset strategy. Industry reports indicate a broader shift toward diversified corporate cryptocurrency holdings, with firms adding XRP, BNB and other altcoins to balance sheets.

The last week of July saw a muted crypto market, with Bitcoin trading in a narrow consolidation band that dragged many altcoins lower. In contrast, Nigerian retail crypto traders stayed active, turning the spotlight on a trio of coins that topped on‑chain and social metrics: Bonk (BONK), Sui (SUI) and Pepe (PEPE). Bonk, a Solana‑based meme token, surged more than 150 % over 30 days and is trading near $0.00003, with analysts suggesting a move toward $0.000038 or possibly the year‑to‑date high of $0.00004 if buying pressure continues. Sui’s total value locked hit $2.148 billion — a 25 % lift from early July — and the token is currently around $3.99, eyed for support near $4.09 and a potential jump to $4.29. Pepe, riding the broader memecoin revival, gained about 18 % in the past month, sits at roughly $0.000012, and could push to $0.000014 or retreat toward $0.0000107 depending on market flow. Together, these trends illustrate that, despite global softness, speculative interest in affordable and institutional‑backed tokens remains buoyant in Nigeria.

Crypto markets fell almost 7%, slashing the global cap from $3.98 trillion to $3.77 trillion and leaving it above the $3.75 trillion support. Bitcoin spot‑ETF outflows of $285 million over three days fed the broader slide. Whale buying surged in Solana altcoins; Graphite Protocol’s GP holdings rose 8.19% to 9.55 million tokens while the price jumped 22% during the dip. Meme coins BONK and POPCAT also attracted whale inflows, adding roughly 55 billion BONK and 1.58 million POPCAT—worth about $18 million and $585 k—despite muted price moves. Spark Protocol’s SPK saw a 202% jump in whale holdings to 3.59 million tokens, with smart‑money inflows 248% and a 24% price rise, pointing to DeFi and Solana as favored whale sectors.

LetsBONK announced it will allocate 1 % of its total revenue to buy back top tokens in the BONK ecosystem. The buyback will occur weekly whenever a listed pair reaches high trading levels, according to founder Tom. In 24 hours the platform earned $1.99 million in trading fees—a surge that could support the planned reinvestment. Revenue comes not from traditional DeFi but from entertainment features such as mini‑games and community events, turning engagement into economic value. By redirecting fees to liquidity, LetsBONK seeks to shift BONK from a pure meme coin into a more sustainable, community‑driven ecosystem. If the program is executed transparently and maintains community energy, the project could signal a new phase for meme‑style tokens on Solana.

Eight crypto assets surged over 20 % in one day, with FLOKI at 31.8 %, CRV 26.8 %, FXS 22.4 %, TOSHI 20.7 %, FARTCOIN 20.0 %, MEW 17.9 %, TRAC 16.7 % and BONK 16.4 %, as market cap climbed past $3.7 trillion, Bitcoin near $123 k high and Ethereum above $3,400. Fear‑and‑Greed sentiment sits in the “Greed” zone, and institutional appetite for Bitcoin and Ethereum spot ETFs is fueling liquidity. Memecoin momentum now focuses on utility after adding perpetuals, ecosystem revenue and IP ventures, highlighted by FLOKI’s breakout and BONK’s launchpad flow. The rally is powered by Bitcoin’s record, Ethereum’s fundamentals and US regulatory pushes that created an alt‑coin season. DeFi tokens CRV and FXS climbed 27 % and 22 % respectively, driven by whale buying on CRV and Frax’s gas‑token upgrade on Fraxtal Layer 2. Risks remain from narrative fragility, ETF denials and execution delays.