Safety Shot has made a bold entry into the digital asset world, launching a new subsidiary centred on the fast-rising Solana-based memecoin BONK.

The move underlines the company’s growing interest in blockchain assets and highlights how traditional firms are positioning themselves within the cryptocurrency economy.

Safety Shot launches BONK Holdings LLC

On September 11, Safety Shot announced the creation of BONK Holdings LLC, a dedicated subsidiary that will manage the firm’s digital asset strategy.

Safety Shot also revealed that it had accumulated a significant position in BONK, expanding its treasury to 228.9 billion tokens.

This stash represents more than 2.5% of the memecoin’s circulating supply, valued at roughly $55 million at prevailing market prices.

The firm’s average purchase price for the tokens stands at $0.00002184, achieved through prior initiatives and a fresh $5 million acquisition in partnership with digital trading platform FalconX.

Rather than storing the tokens passively, Safety Shot plans to deploy its holdings in the Solana DeFi ecosystem, using them for staking, liquidity provision, and yield farming.

The company argues this approach will generate non-dilutive returns while strengthening its balance sheet.

Notably, Safety Shot’s leadership has been vocal about the rationale behind this move.

Chief Executive Officer Jarrett Boon emphasised that the company views BONK as a “top-tier digital asset” and sees untapped value in integrating it with its existing consumer brands.

In late August, the firm raised $30 million to further solidify its growth strategy and recently appointed Mitchell Rudy, one of BONK’s original founders, to its board of directors.

Safety Shot stock reaction lags behind BONK gains

Despite the ambitious plans, Safety Shot’s shares have struggled to convince investors.

Following the announcement, SHOT stock dipped to $0.37, its lowest level in two months, before closing slightly higher at $0.39, and the pre-market trading has brought only a modest uptick.

The decline suggests that equity investors remain cautious, even as the company highlights the scale of its digital and cash assets compared to its overall market cap of about $85.4 million.

In contrast, BONK itself has enjoyed a strong run. Over the past day, the memecoin has gained 8.3%, trading at $0.00002512 at press time.

While BONK’s price is still far below its November 2024 all-time high of $0.00005825, the token remains one of the best-performing assets in the Solana ecosystem since its launch.

BONK price outlook shows bullish potential

From a technical perspective, BONK’s chart signals the possibility of a bullish breakout.

The memecoin has been trading within an ascending channel, with $0.0002377 acting as a solid support level.

$0.0002620 is a key resistance, and a breakout above this level could pave the way for a run toward $0.0003620, a move that would represent a potential 150% upside from recent levels.

While volatility remains part of BONK’s identity as a meme-inspired token, the increasing involvement of institutions like Safety Shot is beginning to change the conversation.

Safety Shot’s willingness to stake a sizable portion of BONK in DeFi platforms adds both liquidity and legitimacy to the project.

If the broader Solana market continues to expand, BONK could see further momentum in the months ahead.

The post Nasdaq-listed Safety Shot launches BONK memecoin treasury-focused subsidiary appeared first on CoinJournal.

Nasdaq-listed Safety Shot launches BONK memecoin treasury-focused subsidiary

Source: https://coinjournal.net/news/nasdaq-listed-safety-shot-launches-bonk-memecoin-treasury-focused-subsidiary/

Cryptocurrencies display recovery signals after July’s CPI inflation of 2.7% boosts sentiments in risky assets.

Ethereum has crossed $4,400, renewing altseason conversations.

Meanwhile, this article highlights ongoing developments in meme cryptocurrencies, focusing on Bonk, Shiba Inu’s ecosystem, and FARTCOIN.

Bonk’s $115M investment

On Monday, Healthy beverage firm Safety Shot Inc. received BONK tokens worth around $25 million as part of its crypto treasury initiative.

The Nasdaq-listed company plans to accumulate 5% of Bonk’s token supply, worth $115 million at the current market price, by year-end.

🚨 CMC News: $BONK Treasury Safety Shot Targets $115 Million Acquisition by Year-End.

🔗 https://t.co/jwgDmuR6ay pic.twitter.com/1fCnhVeaEI

— CoinMarketCap (@CoinMarketCap) August 12, 2025

Safety Shot will hold approximately $25 million worth of BONK assets and has become the first Nasdaq firm to establish a treasury dedicated to the meme token.

The wellness company’s move follows similar models by traditional entities establishing crypto treasuries and prioritizing lesser-known altcoins.

Recently, Heritage Distilling adopted the Story Protocol ($IP) as a reserve token.

Moreover, SharpLink is in an Ethereum accumulation spree.

BONK trades at $0.00002484 after dropping over 6% of its value in the previous 24 hours.

Safety Shot’s significant bet suggests confidence in BONK’s future performance.

SHIB dev clears the air on LEASH supply surge

The latest LEASH supply adjustments have raised centralization concerns within the Shiba Inu ecosystem.

Notably, LEASHE supply saw a dramatic increase on August 11, with 10,765 new coins created.

The move grabbed attention as community members trusted that the project had a fixed supply.

Furthermore, the project had claimed to have disabled rebasing to cancel automatic token supply adjustments via code.

Shiba Inu’s lead developer, Kaal Dhairya, clarified the sudden and controversial 10% surge in LEASH supply.

The dev confirmed that the team discovered a rebase pathway still existing in LEASH smart contracts.

It was linked to pre-authorized contracts that enabled adjustments without owner mediation.

According to Dhairya, this incident breaches trust as the community believed in an unchangeable token supply.

He concluded:

Dealing with a chaotic system with multiple owners and inherited, deceptive structures has been exhausting for me to keep aligned and safe for the community. I’m committed to transparency and putting these decisions in the hands of the DAO.

LEASH has declined by nearly 30% in the past 24 hours to $118, with a 75% trading volume uptick signaling intensified activity possibly from sellers.

FARTCOIN extends downside

Fartcoin struggled with bearish tendencies after losing the $1 mark during the weekend.

It trades at $0.8760 after losing nearly 12% over the past 24 hours.

Pump.fun’s dwindling momentum contributes to FARTCOIN’s bearish sentiments.

The meme Launchpad unveiled the Glass Foundation last week to stabilize Solana-based tokens.

However, Pump.fun’s daily revenue continued to decline, suggesting a waning interest in Solana meme tokens.

Rivals like LetsBonk.fun are stealing the show, outshining PUMP’s platform in token launches.

Bearish technical indicators suggest further declines for FARTCOIN before possible comebacks.

The post Meme coin news: BONK’s $115M deal, LEASH supply twist, FARTCOIN plunges appeared first on CoinJournal.

Meme coin news: BONK’s $115M deal, LEASH supply twist, FARTCOIN plunges

Source: https://coinjournal.net/news/meme-coin-news-bonks-115m-deal-leash-supply-twist-fartcoin-plunges/

Bonk (BONK) and Pudgy Penguins (PENGU) are in a battle for top spot among Solana-based meme tokens.

At the time of writing, Bonk was surging 7% in the past 24 hours to just reclaim the throne with a market cap of over $2.71 billion.

Pudgy Penguins, which had exploded double digits amid spot exchange-traded funds news and Binance seed tag removal, tailed a close second with $2.69 billion in market cap.

The rally for PENGU, which briefly saw it overtake Bonk as top Solana meme, came as other ecosystem tokens like dogwifhat and Popcat recorded upside flips.

BONK, PENGU price surge helped by Binance lifting tag seed

While memecoins have recently exploded amid a broader altcoin rally, BONK and Pudgy Penguins have benefited from an announcement by Binance. 

On July 21, 2025, the leading crypto exchange posted an update that indicated Binance will remove the Tag Seed for BONK, EIGEN, ETHFI, PENGU and PEPE.

“Tokens with the Seed Tag represent new, innovative projects that may exhibit higher volatility and risks compared to other listed tokens,’ Binance explained. 

By removing the tokens from the list of those tagged as high risk, Binance helped to bolster not just trader confidence, but also enhanced liquidity support. The move also catalyzes increased visibility for the tokens, likely why PENGU, BONK and the other projects exploded.

Pudgy Penguins’ community reacted to ETF filing news in style and crypto analyst Ali Martinez had this to say:

“Pudgy Penguin $PENGU: Top-tier memecoin with mainstream crossover. ETF filing puts it in rare company.”

The meme coin briefly surpassed BONK in market capitalization, and could yet establish itself there unless BONK fights back.

🚨NEW: $PENGU has surpassed $BONK to become the #1 memecoin on @Solana by market cap. pic.twitter.com/ENoWb7E4lE

— SolanaFloor (@SolanaFloor) July 23, 2025

BONK price: bulls look to defend key level

BONK’s price is up just 6% in the past 24 hours and 9% in the past week. However, with bulls looking to defend a critical support level around $0.00003485, the fight to fend off Pudgy Penguins’ push is on.

Currently, BONK is consolidating between support at $0.00003 and the supply zone at $0.00004.

Analysts are optimistic that BONK holding above the current demand zone could allow them to target November 2024 highs. This is the area of Bonk’s all-time high above $0.000059. BONK’s resilience and community support, with open interest up 2.69% to over $55 million.

The post BONK price: bulls defend key level as Solana meme coins heat up appeared first on CoinJournal.

BONK price: bulls defend key level as Solana meme coins heat up

Source: https://coinjournal.net/news/bonk-price-bulls-defend-key-level-as-solana-meme-coins-heat-up/

Bonk (BONK)’s price climbed more than 10% to hit highs of $0.0000305 in the last 24 hours, with the Solana memecoin seeing a notable spike in open interest and derivatives volume.

This uptick follows a rebound for top memecoins. In particular, it coincided with Bitcoin’s sharp rally to above $122k in the past few days, a move that triggered an altcoin bounce.

BTC’s surge has memecoins such as Dogecoin, Pepe, dogwihat and Bonk gaining. Also notable is fresh sentiment as interest amid the launch of Pump.fun’s token PUMP ignites overall meme recovery.

Bonk price jumps as OI rises 9%

As noted, Bonk’s price has ticked up as its market activity has surged.

One significant metric is open interest, which has risen 9% to see the number of bets on the token reach $48.5 million.

According to data from Coinglass, this growth accompanies a 20% increase in derivatives volume, which stood at over $534 million.

In the market, BONK has a 24-hour trading volume of $1.34 billion – up 23% during this period.

This rise in derivatives activity suggests heightened investor confidence, potentially driven by recent community efforts, such as the push to reach one million on-chain holders.

Bullish bets are also up as BONK targets a major token burn of one trillion BONK.

954,843

What is this number?

The number of on-chain Solana holders of $BONK

Once this number goes to 1,000,000 — one trillion BONK will be burned 🔥

Send some $BONK to your mum, dad, or even your dog

Have you BONKED someone today yet?

— Tendies (@tradefortendies) July 13, 2025

If the move happens, it will create scarcity and boost the value of the Bonk token.

Bonk price prediction

Most cryptocurrencies have witnessed an uptick in the past several weeks, with bullish predictions for altcoins and memes as BTC price eyes new highs.

Bonk is bidding for a similar trajectory with price-off lows of $0.000027.

Currently, bulls might want to hold above $0.000028 and target a break above $0.000035.

With price in an ascending channel in the past weeks, buyers may have the upper hand. However, the technical indicators provide a mixed outlook for Bonk’s future performance.

The 14-day Relative Strength Index (RSI) stands at 76, signaling overbought conditions that could lead to a short-term correction.

Conversely, the Moving Average Convergence Divergence (MACD) on the daily chart offers a bullish signal.

The histogram has increased with a strong uptick following a bullish crossover.

The combination of rising open interest, robust trading volume, and technical indicators presents a largely bullish picture for Bonk.

Although an overbought RSI suggests caution, the MACD and broader long-term crypto projections favour buyers. Support levels include $0.000026 and $0.000015.

The post Bonk price signals rally as open interest spikes by 9% appeared first on CoinJournal.

Bonk price signals rally as open interest spikes by 9%

Source: https://coinjournal.net/news/bonk-price-signals-rally-as-open-interest-spikes-by-9/

As Bitcoin attracts headlines with a massive spike to a new all-time high, tokens like Pepe (PEPE) are outpacing peers to lead memecoins higher.

The cryptocurrency market’s bullish flip has also seen Dogwifhat (WIF) and Bonk (BONK) show signs of further gains.

PEPE’s bounce and WIF, BONK’s uptick coincides with Bitcoin breaking above $118,000 and Ethereum’s spike to above $3,000.

Omni Network rose sharply while Sei traded higher as one of the top altcoins under $1.

BTC and ETH recorded huge fund inflows as prices rose.

Analysts say the gains for BTC highlights strong market sentiment and excitement.

“Bitcoin trades at $118,000 this morning, marking a fresh all-time high. The rally reflects both market excitement and a foundation of strong macro drivers beneath the surface. One key catalyst is renewed frontloading by global manufacturers. Tariff threats are driving firms to import early and draw down credit, echoing past cycles of policy uncertainty,” the analysts posted on X.

Pepe surges 15% to lead top memecoins

Pepe (PEPE), a frog-themed memecoin, has emerged as the frontrunner in the current memecoin rally, posting a 15% gain in just 24 hours.

Currently ranked among the top 30 cryptocurrencies by market capitalization, PEPE’s price has spiked by more than 31% in the past week. The upside sees PEPE break out of a falling wedge pattern, a bullish technical signal that suggests another leg up.

Notably, the memecoin’s trading has surged 70% to $2.35 billion in the past 24 hours. The Pepe price reached $0.000013, about 54% off its all-time high above $0.000028.

Bulls could eye this amid upward momentum. However, profitaking risk means bears might yet revisit support levels.

Dogwifhat price breaks above $1 – a psychological level

Dogwifhat (WIF), a Solana-based memecoin, has broken above the $1 mark. Per CoinMarketCap, WIF reached highs of $1.07, surpassing the key psychological level for the first time since early June.

WIF’s price surged by 8% in the past 24 hours builds on its 20% gain over the week.

The token’s rise aligns with a spike in trading volume. Dogwifhat’s daily volume is up 39% to over $712 million amid broader crypto market optimism.

The memecoin could target higher resistance levels if buying pressure persists. However, its recent dip to $0.85 highlights it as a potential support level.

BONK price extends weekly gains to 41%

Bonk (BONK), another Solana-based memecoin, has gained an impressive 41% over the past week. The token traded to intraday highs of $0.000024 as memecoins mirrored Bitcoin’s rally.

The memecoin is eyeing gains amid the sector’s recent performance that signals possible upward movement.

As Bitcoin and Ethereum continue to drive market sentiment, BONK may look to break to the all-time highs of $0.00005916 seen in November 2024.

As Bitcoin price hits new highs, altcoins and memecoins are benefiting from the spillover effect, with PEPE, WIF, and BONK among top gains

The post PEPE gains 15%, leading top memecoins as WIF and BONK eye a rally appeared first on CoinJournal.

PEPE gains 15%, leading top memecoins as WIF and BONK eye a rally

Source: https://coinjournal.net/news/pepe-gains-15-leading-top-memecoins-as-wif-and-bonk-eye-a-rally/

BONK, the meme coin built on the Solana blockchain, has jumped nearly 60% over the past seven days, driven largely by market sentiment and speculation surrounding potential ETF-related demand.

With BONK breaking out of a long-term technical pattern and momentum indicators flipping bullish, traders are now watching closely to see whether the rally can push past a key resistance level at $0.00002840.

A potential Golden Crossover between two important moving averages is also forming on the daily chart, raising hopes of a sustained breakout if the signal is confirmed.

However, BONK is now trading at $0.00002128, down 5.95% in the last 24 hours.

BONK exits year-long wedge, approaches key resistance

BONK has officially broken out of a falling wedge pattern that has been forming over the last year on the daily timeframe.

The breakout was confirmed when the price surged past $0.00001550, a key level that had previously held the coin in a downward compression between lower highs and flat support.

Currently, BONK is consolidating near $0.00002203. Immediate resistance sits at $0.00002389, with another critical zone between $0.00002577 and $0.00002840.

The absence of strong resistance between $0.00002840 and $0.00003670 makes this zone a potential price vacuum should buyers break above current ceilings.

However, traders remain cautious. A reversal below $0.00001806 could indicate a loss of breakout momentum, while a drop under $0.00001435 would nullify the wedge breakout entirely and bring the previous bearish structure back into focus.

BONK ETF speculation fuels investor interest

Speculation around BONK’s potential inclusion in future crypto ETF portfolios has contributed significantly to the recent price surge.

While no official confirmation has emerged, BONK has re-entered the conversation as institutional interest grows around meme coins and altcoins with high liquidity and community traction.

Social media discussions have been instrumental in amplifying the narrative, with investors pointing to BONK’s strong fundamentals on-chain.

The meme coin’s trading volume has increased in tandem with positive netflows, reflecting growing demand across centralised and decentralised exchanges.

Exchange outflows support bullish supply trend

Data from Arkham shows a prolonged period of negative netflows for BONK over the last year.

This suggests that more tokens are being withdrawn from exchanges than deposited, a typical sign of accumulation.

While the trend has moderated in the last 30 days, it remains negative, indicating neutral-to-bullish positioning.

The reduced exchange supply could play a major role in sustaining upward pressure, particularly if new demand continues to arrive on the back of speculative interest or positive technical developments.

The supply squeeze narrative has gained traction on platforms like X, where some users argue BONK may be gearing up for a sharp move once resistance levels are cleared.

Technical indicators turn bullish for BONK

One of the more significant developments on the BONK chart is the near-confirmation of a Golden Crossover.

This occurs when the 50-day Exponential Moving Average (EMA) crosses above the 200-day EMA, typically considered a bullish signal in technical analysis.

The Elder Ray Index, which measures bull and bear power by comparing price against a moving average, has also flipped into positive territory.

This suggests buyer strength is currently dominant over selling pressure, supporting the idea that bulls have regained control.

At the time of writing, BONK’s structure supports continuation if it can break above $0.00002577 and hold the gains.

Any rally past $0.00002840 would likely open the path to $0.00003670, as the price moves into a zone with few historical resistance points.

However, failure to maintain support above $0.00001806 could signal weakening momentum.

If BONK slides below $0.00001435, it may re-enter the bearish wedge structure it recently broke out from.

The post BONK price up 60% in 7 days: can the meme coin go higher? appeared first on CoinJournal.

BONK price up 60% in 7 days: can the meme coin go higher?

Source: https://coinjournal.net/news/bonk-price-up-60-in-7-days-can-the-meme-coin-go-higher/

Cryptocurrencies witnessed quite a volatility today as US labor stats propelled Bitcoin above $110K before retracing to $109K.

While altcoins signaled potential recoveries, meme coins remained in the spotlight, possibly as they set the market tone during every cycle.

In that context, MOODENG, BONK, and Shiba Inu dominate meme crypto trends due to different reasons. Let us find out more.

MOODENG soars on Upbit listing

Moo Deng led today’s gainers as it rallied 35% from $0.1691 to $0.2282.

The robust move followed South Korea’s exchange Upbit confirming it has listed MOODENG against USDT, BTC, and KRW.

The announcement ignited optimism among traders.

Moo Deng’s price gained around 35%, while its market cap surged beyond $200 million from $165 million.

While the market cap has dipped slightly to $188 at press time, Upbit’s listing positions the altcoin for greater liquidity and wider visibility.

MOODENG trades at $0.1901, with its 24-hour trading volume up 428%.

Moreover, the listing’s timing has added to MOODENG’s momentum.

Binance Alpha added the meme crypto in May, whereas the community wait Moo Deng’s upcoming birthday party between July 10 and July 13.

MOODENG is a Solana meme token based on the popular pygmy hippo at Khao Kheow Open Zoo in Thailand.

BONK rebounds on revived demand

BONK has jumped from the opening price of $0.00001464 to $0.00001738 – an 18.72% jump.

Besides the price action, the Solana-based meme grabbed attention as organic demand drove its surge.

Coinalyze data shows BONK recorded a substantial $1.61 trillion buy volume on 3 July, eclipsing the $1.44 trillion sell volume.

That confirms buyer resurgence and renewed demand for the altcoin.

Notably, the positive buy volume came after selling pressure dominated four successive days, suggesting a potential momentum shift to bullish.

The derivatives market data adds to the optimism.

According to Coinglass, BONK’s OI (Open Interest) jumped by 46% to $17.38 million, whereas futures volume crossed $97 million after a 270% increase.

It trades at $0.00001681 after retracing from intraday peaks.

Continued broad-based recoveries could trigger more uptrends for BONK in the upcoming sessions.

Shiba Inu’s burn rate skyrockets

While MOODENG and BONK stole the show through exchange listings and new capital, dog-themed Shiba Inu made headlines for different reasons.

SHIB has seen a massive 1,200% surge in burn activity, with over 13 million tokens destroyed in the past day.

Notably, SHIB saw sluggish token incineration in the previous five transactions .

The latest burn, which happened ah hour ago, wiped out around 13,152,197 SHIB coins.

That has renewed optimism in the meme coin’s deflationary journey.

The meme token trades at $0.00001192, having gained more than 5% the previous week. Also, fundamental data shows a healthy SHIB ecosystem.

IntoTheBlock data shows investors have staked over 4.69 trillion coins, indicating conviction in Shiba Inu’s long-term performance.

The post Meme coin news: MOODENG and BONK lead market comeback; SHIB burn rate jumps 1,200% appeared first on CoinJournal.

Meme coin news: MOODENG and BONK lead market comeback; SHIB burn rate jumps 1,200%

Source: https://coinjournal.net/news/meme-coin-news-moodeng-and-bonk-lead-market-comeback-shib-burn-rate-jumps-1200/

PepeX, a new AI-powered meme coin launchpad on the Solana blockchain, has raised over $1.83 million since its presale began on 24 March.

With a capped supply of 5 billion tokens and strong emphasis on fairness and decentralisation, PepeX is positioning itself as a next-generation alternative in a rapidly evolving memecoin market.

The project arrives as interest in Solana-based memecoins such as Dogwifhat and Bonk continues to surge.

PepeX’s presale structure, featuring dynamic pricing and stage-based increases, has caught investor attention.

It offers early buyers a potential return of over 240% if it lists at its planned $0.085 price.

With the public platform set to launch in Q3 2025, all eyes are on whether PEPX can outperform rivals like Myro and rise beyond its meme status.

PepeX: Why should you invest in this?

PepeX’s presale runs for 90 days, with 50% of the 5 billion token supply allocated to early investors.

By early April, the project had raised more than $1.25 million from the sale of around 62.5 million tokens.

Stage 5 of the presale saw tokens priced at $0.0243, while Stage 6 began on 8 April at $0.0255.

Each presale stage lasts three days, with token prices increasing by roughly 5% per stage.

At this pace, the final presale stage could hit a token price of approximately $0.0823.

If the token lists on exchanges at the projected $0.085, early participants from Stage 5 stand to gain around 240% to 311%, depending on their entry point.

The platform also promises anti-sniping protections, liquidity locks, automated smart contract audits, and a fair launch model where the team holds just 5% of the total supply—an unusually low figure for meme coins.

Dogwifhat and Bonk boost Solana meme sentiment

While PepeX is still in presale, established Solana-based memecoins have been rallying. Bonk saw a 26% rise in the week ending 23 April, while Dogwifhat gained around 30%.

At the end of April, Bonk was trading near $0.0000188 with a market cap of roughly $1.49 billion.

Dogwifhat, priced around $0.616, had a market cap of approximately $620 million.

These surges were supported by a broader altcoin rally driven by Bitcoin nearing $95,000 in early March.

Both Bonk and Dogwifhat have benefited from widespread listings, active community support, and integration into Solana’s DeFi and gaming ecosystems.

This meme-led momentum on Solana has created the perfect launch window for newcomers like PepeX to capitalise on demand for high-upside tokens.

PepeX price forecast

Short-term projections suggest PepeX could reach between $0.09 and $0.14 within one to three months of launch.

Medium-term estimates place the token at $0.15 to $0.25 within six months, and potentially between $0.30 and $0.50 by 2026.

That long-term estimate would translate to gains of over 1,000% for Stage 1 presale investors.

However, analysts caution that short-term pullbacks are possible.

Some expect early investors to take profits at listing, which could push the price temporarily back toward $0.0198—just below its initial $0.02 presale level.

PepeX’s future depends on its ability to deliver a working launchpad and attract meme creators and users to its ecosystem.

With its unique combination of AI tools, tokenomics, and fair launch approach, the token is positioned to capture attention in an increasingly competitive landscape.

The post PepeX presale raises $1.83 million as Solana memecoins rally appeared first on CoinJournal.

PepeX presale raises $1.83 million as Solana memecoins rally

Source: https://coinjournal.net/news/pepex-presale-raises-1-83-million-as-solana-memecoins-rally/