How Safety Shot’s Big Bonk Boondoggle Broke Like a Fiddle 🎻

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Well now, here’s a tale about a health drink maker folks call Safety Shot, who decided it was high time to dance with the devil – or at least with the folks who cooked up the BONK memecoin. 😂 They struck a deal, got themselves $25 million in BONK tokens – mind you, tokens that are worth about as much as a kindergartener’s sandbox – and in exchange, handed over $35 million in preferred shares that can be turnin’ into regular old stock if they play their cards right.

Before making this questionable alliance, Safety Shot had the good sense to clear all its debts and stash over $15 million in cash – seems like they were feeling flush enough to bet on a gamble that’s about as stable as a drunk on a unicycle. Dominari Securities, LLC, was sittin’ in the corner advising like a wise old owl, watching the whole scheme unfold.

Why the Heck BONK?

Well, the big brains at Safety Shot reckon BONK, which struts around on Solana’s blockchain, is better than those other over-hyped doodles like Shiba Inu, Pepe, or Dogecoin. They claim Solana’s faster, cheaper, and smarter, while BONK has a sneaky little trick – it burns tokens to make ’em scarcer, which sounds like a good idea if you’re into that sort of thing. And BONK’s market cap? Nearly $2 billion, with nearly a million folks holding onto it as if it were the last piece of pie at a Sunday picnic.

CEO Jarrett Boon, probably with a grin and a little twinkle in his eye, announced this was just the start of a “much broader evolution” – or so he says. “Aligning with this shiny ecosystem,” he quipped, “is a bold first step,” as if they were stomping their way into the history books. He’s promisein’ to spill more beans soon, all while pouring each new drink higher than the last.

Share Price Dives Like a Rock in a Well – 50% Down!

But hold onto your hats – shareholders didn’t fancy the new fireworks. After the announcement, Safety Shot’s stock did a nosedive, fallin’ over half its value to a measly $0.56 – as if the market was sayin’, “That’s all she wrote.” Even though they’d gained 14% just a month earlier, this tumble was enough to make folks think they’d just kicked a hornet’s nest.

Turns out, Safety Shot isn’t the only company flirtin’ with memecoin riches. Earlier in the year, GD Culture Group was cheerfully plannin’ to crowbar $300 million into a crypto stash that included the Trump memecoin. And Thumzup Media saw fit to spend a quarter-billion on a mixed bag of crypto. The whole memecoin market’s down a full 25% this year – if you’re keepin’ score – while the crypto world in general has managed to creep up 22%.

And BONK? Well, it’s hangin’ in there at about a quarter-cent – down 11.37% in a day, with a market cap sittin’ at $2 billion, just waiting for the next scandal to shake it up some more.

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2025-08-12 09:41