Safety Shot, a Nasdaq-listed company, has acquired a 10% revenue share in LetsBONK.fun, a leading memecoin launchpad on Solana, along with a $25M investment in $BONK tokens. This partnership positions Safety Shot to benefit directly from the platform's growth and the token's performance, signaling increasing institutional interest in Solana. LetsBONK.fun has demonstrated its market influence, achieving significant revenue spikes in July, often surpassing its competitor, Pump.fun. In response to its success, Safety Shot plans to issue convertible preferred shares and reinvest 90% of its revenue from LetsBONK.fun into purchasing $BONK, which boasts a market cap of $1.98B. With over $15M in cash and no debt, the company is well-equipped to capitalize on the token's appreciation and the launchpad's expansion. This investment is also promising for Solana projects like Snorter Token ($SNORT), which aims to launch a trading bot on Solana, offering low fees and advanced trading features while ensuring security against scams. Read more AI-generated news on: https://app.chaingpt.org/news

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