Another cryptocurrency stock crash

Nasdaq company Safety Shot announced it has obtained BONK tokens and secured a 10% revenue share from Bonk.fun, but its stock price has plummeted by about 50%, with the market voting with their feet.

Web2 listed companies are betting their treasury on meme and Launchpad revenue sharing, which is both bold and a high-risk capital experiment.

Short-term sentiment may benefit Solana's ecosystem traffic, but whether the fundamentals can close the loop depends on cash flow stability.

Observation points: frequency of revenue share receipts, secondary buyback rhythm, and transparency of information disclosure.