Safety Shot Invests $25M in BONK Memecoin, Stock Drops 50%

TLDR Safety Shot stock plunged 50% after announcing $25M BONK memecoin treasury strategy Company acquired 10% revenue stake in BONK.fun, a leading Solana memecoin launchpad BONK.fun generated over $35M in user fees in July, controlling 80% of Solana’s token launch market Safety Shot will convert most revenue back into BONK token purchases CEO describes move [...]

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