Safety Shot Forms Alliance with BONK Founders in $25M Token Swap

Safety Shot Inc. pivots toward a crypto treasury strategy by integrating BONK contributors and targeting 4-5% of the token supply through a $25M allocation and future yield plans.

BONK

Summary

Safety Shot Inc., a NASDAQ-listed healthy beverage company, announced it will receive $25 million worth of BONK tokens from Solana meme coin founders and aims to accumulate up to $115 million worth (4-5% of supply) by year-end. The move includes strategic integration of key BONK contributors and marks a further pivot into crypto treasury management amid a declining stock performance.

Terms & Concepts
  • BONK: A Solana-based meme coin originally airdropped to community members, now deployed in evolving treasury strategies.
  • On-chain: Processes or operations executed directly on a blockchain network, ensuring transparency and security.