• Cryptocurrency

    Bonk Bet Wipes Out Half of Safety Shot’s Market Value

    Shares of Nasdaq-listed beverage company Safety Shot plunged 50% after it revealed plans to purchase $25 million worth of Bonk memecoin as part of a new treasury strategy. On Monday, the company announced a strategic alliance with Bonk’s founding contributors, aiming to fully integrate itself into the memecoin’s ecosystem. Safety Shot said it will make Bonk its core treasury asset, citing the token’s “clear and distinct advantages over competitors.”  The Solana-based coin “offers high-speed, low-cost transactions,”, thanks to its network, giving it an edge over rivals like Shiba Inu (SHIB) and Pepe (PEPE), which run on Ethereum and face high…