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TenX acquires $2.197 billion in USD $BONK: Is the Bonk price ready to hit a new all-time high?
Multi-chain staking platform TenX Protocols (TSX-V: $TNX) purchased 219,737,766,594.9 BONK tokens at an average price of $0.00001138 per share and incorporated them into its treasury. The acquisition involved an investment of over $20 million to support Solana-based cryptocurrency projects. Previously, TenX was listed in Canada and raised over $30 million to support its cryptocurrency-related initiatives. This move solidifies TenX’s position in the Solana ecosystem, with BONK playing a key role in its cross-chain strategy. The open interest of BONK futures contracts has increased from $7 million to $16 million this year. The token surged over 55% in seven days, and with market bullish sentiment growing, it is approaching a market rebound.