BONK is attracting attention in the cryptocurrency world today, as traders and investors react positively to the large acquisition of 32 million dollars worth of BONK tokens by Bonk Holdings, which is listed on Nasdaq according to data from Arkham Intelligence.
This acquisition gives the company nearly 3% of the total token supply, sending a strong message that BONK is garnering significant interest from institutions. Cryptocurrency enthusiasts on X are filled with optimism, pointing out the potential for BONK to replicate the explosive price surge seen in November 2024.
The first BONK digital asset treasury has been established
This latest move officially confirms Bonk Holdings as the first BONK Digital Asset Treasury (DAT). The tokens were purchased through FalconX and securely stored in the Solana Squad Multisig wallet via Fireblocks, providing multi-signature protection and organizational-level transparency. CEO Jarrett Boon emphasizes that integrating a public company with a proven digital asset platform that generates revenue will unlock long-term value for shareholders and strengthen BONK’s presence in the institutional space.
BONK.fun and Revenue Potential
The expansion of Bonk Holdings' cryptocurrency activities is linked to holding a 10% revenue-sharing stake in BONK.fun, a leading decentralized platform. BONK.fun has seen vibrant activity with 20,000 token launches and daily trading volumes exceeding 100 million dollars, demonstrating the potential for stable revenue generation. These figures show that BONK is no longer just a meme coin; it is building real financial weight in the digital asset ecosystem.
Institutional support and market optimism
The company’s move follows other institutional linking actions, such as Sharps Technology staking part of its SOL holdings in BonkSOL, the liquidity staking token of BONK supported by Cantor Fitzgerald. Analysts on X have pointed out that BONK recently completed 'order block taps', a technical indicator suggesting the end of a correction phase, signaling an upcoming bullish reversal.
ETF and mainstream adoption
Clearer evidence of the increasing legitimacy of BONK comes from Tuttle Capital applying to launch the Bonk Income Blast ETF with the U.S. Securities and Exchange Commission (SEC). If approved, BONK could become one of the first meme coins to have an ETF, signaling serious market recognition.
Cryptocurrency analyst Vespamatic emphasizes that with Bonk Holdings' plan to double its holdings, the price of this token could triple from its current price, thanks to the strong involvement of the company and renewed interest from investors.
With its listing on Nasdaq, institutional support, and innovative platforms like BONK.fun, BONK is gradually transforming from a meme state to a serious contender in the cryptocurrency market, offering attractive price appreciation potential for early supporters.
