The BONK token swings between corporate adoption and sharp price volatility. Here are the latest updates:
$25 million Safety Shot bet on BONK (August 13, 2025) – A NASDAQ-listed company adds BONK to its treasury, indicating institutional interest.
Price drop of 6% then recovery (August 13, 2025) – Sharp sell-off reversed near support at $0.000024 amidst intense trading.
Pre-sale excitement for Cold Wallet (August 12, 2025) – A competing crypto project attracts attention while BONK faces resistance.
Detailed Analysis
1. $25 million Safety Shot bet on BONK (August 13, 2025)
Overview: Safety Shot, a publicly listed company, acquired BONK tokens worth $25 million in exchange for $35 million of convertible preferred stock. This is one of the first instances where a NASDAQ-listed company allocates treasury funds to invest in a meme coin, benefiting from the Solana ecosystem for strategic integration in decentralized finance (DeFi).
What does this mean? This is a positive indicator for BONK as it proves its role extends beyond speculative trading and ties its utility to corporate balance sheets. However, the structure of the deal (convertible stock) may lead to future selling pressure if the shares are liquidated. (AMBCrypto)
2. Price drop of 6% then recovery (August 13, 2025)
Overview: The price of BONK fell by 6% on August 13, reaching $0.00002398 before bouncing back to $0.000025. The sell-off came with profit-taking near resistance at $0.000027, but late buying helped stabilize the price at a key support level.
What does this mean? The recovery reflects sustained demand at the $0.000024 level, a technical support level that has been tested several times since July. High volatility remains a risk, with peaks in liquidation and weakness in the meme coin sector affecting overall sentiment. (CoinDesk)
3. Pre-sale excitement for Cold Wallet (August 12, 2025)
Overview: The pre-sale of Cold Wallet (CWT) raised $5.86 million, with projected profits of up to 3424% at launch. This drew capital away from BONK, which struggled to maintain resistance at $0.000024 as Solana (SOL) rose.
What does this mean? Neutral impact on BONK, as the broader Solana ecosystem benefits from adjacent projects, but short-term competition for liquidity from retail investors may delay upward momentum. (CryptoFrontNews)
Summary
The balance of the BONK story lies between corporate adoption and meme-driven market volatility, with the $0.000024 level regarded as a critical support area. Will institutional flows from companies like Safety Shot help stabilize prices, or will volatility continue due to speculative shifts towards projects like Cold Wallet? Watch trading volume and Solana dominance for future indicators.
