Bonk Holdings executed its first large purchase transaction worth 32 million dollars.

robot
Abstract generation in progress

Bonk Holdings Inc. (BNKK) has spent 32 million USD to purchase 2.26 trillion BONK tokens, equivalent to about 3% of the total supply, marking the company's largest deal. The tokens are stored in the Solana Squad Multisig multisignature wallet, ensuring safety and transparency. The transaction was executed through FalconX and Fireblocks.

Bonk Holdings, a Nasdaq-listed company, announced that it will double its holdings, aiming to own 5% of the circulating supply of BONK by the end of the year. CEO Jarrett Boon stated that this strategy will create long-term value for shareholders.

The company currently holds 10% of the revenue from the BONK.fun platform – where over 20,000 tokens have been launched and daily trading volume exceeds 100 million USD. Currently, BONK is trading around 0.00001466 USD, indicating stable signals after the drop in October.

BONK3.95%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)