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BONK has been catching attention in the crypto world today, with traders and investors reacting positively to Nasdaq-listed Bonk Holdings’ major purchase of $32 million worth of BONK tokens as per Arkham Intelligence data.
The acquisition gives the firm nearly 3% of the token’s total supply, sending a strong message that BONK is attracting serious institutional interest. Crypto enthusiasts on X are buzzing with optimism, pointing to the possibility of BONK repeating its explosive rally from November 2024.
First BONK Digital Asset Treasury Established
This latest move officially establishes Bonk Holdings as the first BONK Digital Asset Treasury (DAT). The tokens were acquired through FalconX and are securely stored in a Solana Squad Multisig wallet via Fireblocks, providing multi-signature protection and institutional-grade transparency. CEO Jarrett Boon emphasized that integrating the public company with a proven, revenue-generating digital asset platform will unlock long-term value for shareholders and solidify BONK’s presence in the institutional space.
BONK.fun and Revenue Potential
Bonk Holdings’ crypto expansion ties in with its 10% revenue-sharing stake in BONK.fun, a top-ranked decentralized platform. BONK.fun has seen peak activity with 20,000 token launches and daily trading volumes surpassing $100 million, demonstrating consistent revenue-generating potential. These figures make it clear that BONK is not just a meme coin anymore, it’s building real financial weight in the digital asset ecosystem.
Institutional Backing and Market Optimism
The company’s move follows other institutional alignments, such as Sharps Technology staking part of its SOL holdings into BonkSOL, BONK’s liquid staking token backed by Cantor Fitzgerald. Analysts on X have pointed out that BONK recently completed its “order block taps,” a technical indicator suggesting the end of a correction phase, hinting at a bullish reversal ahead.
ETFs and Mainstream Adoption
Further evidence of BONK’s growing legitimacy comes from Tuttle Capital’s filing to launch a Bonk Income Blast ETF with the U.S. SEC. If approved, BONK could become one of the first meme coins to have an ETF, signaling serious market recognition.
Crypto analyst Vespamatic highlighted that with Bonk Holdings’ plan to double its holdings, the token could see a potential 3x surge from its current price, driven by strong corporate involvement and renewed investor interest.
With Nasdaq listing, institutional support, and innovative platforms like BONK.fun, BONK is steadily moving from meme status to a credible player in the crypto market, offering exciting upside for early supporters.
