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Shiba Inu Team Issues Urgent Warning on LEASH, Ecosystem Token Scams
GameFi Guides

Shiba Inu Team Issues Urgent Warning on LEASH, Ecosystem Token Scams

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The Shiba Inu team has issued an urgent warning on scams targeting LEASH and other Shiba Inu ecosystem tokens.

In a tweet, Shiba Inu-focused X account Susbarium warns the Shiba Inu community to beware of fake migration sites and scam messages targeting LEASH and other SHIB ecosystem tokens.

The Shiba Inu Shibarium watchdog flagged a fraudulent site that was promoting LEASH migration.

🚨 SHIBARMY SAFETY ALERT 🚨

Beware of fake migration sites and scam messages targeting $LEASH and other Shiba Inu ecosystem tokens.

🔴 The site seen in the image is confirmed to be fraudulent.
🔴 Telegram messages promoting “LEASH V2 Migration” with wallet connection requests… pic.twitter.com/ritcxUChQC

— Susbarium | Shibarium Trustwatch (@susbarium) August 30, 2025

An incident that happened Aug. 11, 2025, saw LEASH supply increase by 10%, negating the belief that supply was fixed and rebasing was disabled. After careful consideration by the Shiba Inu team and the community, it was decided to launch LEASH v2 on a new, audited, non‑rebase contract with the final outcome subject to DAO approval.

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With developer work on LEASH v2 in progress, the SHIB team remains committed to protecting holders and delivering a smooth, verifiable migration to LEASH v2.

In light of this, the Shiba Inu team warns the community to beware of Telegram messages promoting “LEASH V2 Migration.”

Crucial warnings issued

Susbarium reiterates that Telegram messages promoting “LEASH V2 Migration” with wallet connection requests are phishing attempts with the aim of draining user funds. Shiba Inu holders are warned never to connect their wallets or approve any transactions from these sources.

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In a separate tweet, Susbarium warns of coordinated bad actors and networks of fake accounts that are actively targeting vulnerable investors, urging the Shiba Inu community not to FOMO into random links.

The Shiba Inu team also warns that there is no official LEASH token on Solana, nor is there any LEASH migration to Solana. It warns that any version of token not listed on the official SHIB website is fake and not part of the Shiba Inu ecosystem.





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Investors Watch $SNORT as First UK Solana Treasury Is Announced
NFT Gaming

First UK Solana Treasury Launches, All Eyes Are on Snorter Token

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

DeFi Development announced the launch of DFDV UK, the very first Solana public treasury vehicle in the UK. The move is part of the company’s strategy to expand Solana treasury vehicles across the global market.

Joseph Onorati, CEO of DeFi Development, declared in the official press release:

DFDV UK is a milestone: the first Solana treasury vehicle in the United Kingdom and a proof point for our global expansion strategy. This launch underscores our commitment to growing Solana per share (SPS) and to supporting the Solana ecosystem globally.

—Joseph Onorati, Official Press Release

DeFi Development made the news two days ago when it bought 407,247 $SOL for a total investment of $77M. This acquisition increased the company’s $SOL reserves to 1,831,011 worth $371M in value.

As Solana treasuries increase in number, hype is building for $SOL and its ecosystem. And traders are watching new low-cap coins on presale based on Solana that might explode. Coins like Snorter Token ($SNORT), which is building the fastest and cheapest Telegram trading bot on Solana.

Solana Sees Increased Institutional Support

DeFi Development isn’t the first to create a $SOL treasury, as Upexi leads in the charts with over 2M $SOL.

That being said, only five companies have $SOL treasuries right now, which DeFi Development hopes to change soon. The company set a precedent after its $77M buy, while declaring that it still holds $40M for additional $SOL purchases.

Shortly after announcing the purchase, DFDV jumped almost 8% on Nasdaq, closing the 28th at $16.47.

On an even more important note, DFDV has been on a sustained rally for the past six months, with a growth rate of 2,812%. The recent announcement could push this number even higher, especially since DeFi has five more treasury vehicles in development.

Long-term, DeFi Development’s Solana strategy could set the crypto ecosystem for global expansion, which will trigger the $SOL bull. When that happens, all Solana-based ecosystems will experience sustained growth, Snorter Token being among the top contenders.

How Snorter Token ($SNORT) Turns Coin Hunting Profitable

Snorter Token ($SNORT) turns coin hunting profitable with the help of the Snorter Bot, your friendly Aardvark sniper trained in detecting and sniping hot tokens in milliseconds.

This Solana-based token collector operates from a Telegram chat, centralizing its activity in one hub to make things simpler and safer.

Thanks to its precision and quick reflexes, the Bot is more effective than even professional trading UIs like Raydium, Pump Fun, and Jupiter.

Snorter also comes with integrated scam detectors, which protect against suspicious projects, copy trading, so you can use other traders’ successful strategies, and an incorporated wallet.

Thanks to these perks, you no longer need to leave the Bot’s Telegram hub to set up your wallets or install a number of browser UIs to aid you in your coin hunt; the Bot does it all.

You only need to set up the Bot according to your trading strategy, kick back, and watch it work its magic.

The Snorter Token presale has raised over $3.5M with a token price of $0.1029 and it shows extensive growth potential.

Considering the project’s utility, our analysts’ price prediction for $SNORT is $0.94 by the end of 2025. Once Snorter Bot sees mainstream adoption and gains momentum, the token could push to $3.25 by 2030 for an ROI of 3,064%.

If you want to support Snorter Token, you can buy your way in right now by going to the presale page. Check out our ‘How to buy $SNORT’ guide if you need assistance.

Solana Could Push to $300 in the Next Alt Season

$SOL is trading at $202 right now, likely preparing to test its resistance point at $213. A successful breach could kickstart a rally to $300, which would hype up the entire crypto sphere.

If that happens, keep your eyes on Snorter Token ($SNORT) and consider buying your ticket in, given that the token is still at its presale price.

Don’t take this as financial advice. Do your own research (DYOR) and invest wisely.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Pudgy Penguins Token Declines Sharply in August Amid NFT Market Downturn
Crypto Trends

Pudgy Penguins Token Declines Sharply in August Amid NFT Market Downturn

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Pudgy Penguins’ native token slipped on Friday despite the project’s new title ranking among Apple’s top downloads.

The PENGU (PENGU) token fell by nearly 4% on Friday, following the launch of Pudgy Party, a battle royale game released on Android and iOS, regardless the game recording over 50,000 downloads on the Google Play store and landing in the top 10 most downloaded games on Apple’s App Store.

Pudgy Penguins is a popular non-fungible token (NFT) project in the crypto space. The project supplements its onchain digital presence with trading cards, plushy penguin-themed toys, video games and other physical merchandise.

According to CoinMarketCap, the token declined by over 20% over the past 30 days.

The price retrace comes amid a broader downturn in the NFT market, which saw other blue-chip NFT projects such as Bored Ape Yacht Club (BAYC) and Doodles post double-digit losses in August.

PENGU token declines by over 20% in August. Source: CoinMarketCap

Despite price fluctuations, Pudgy Penguins continues to be a cultural phenomenon within the crypto community and showcases mass appeal to non-crypto users through the project’s focus on physical merchandise, drawing both adults and children to the franchise.

Related: NFT market cap drops by $1.2B as Ether rally loses steam

NFT markets suffer as Ethereum retraces recent gains

The Ethereum network hosts the most NFT trading activity of any blockchain ecosystem, and, following Ether’s (ETH) recent decline from an all-time high of about $4,957, the NFT market took a hit.

CryptoPunks, a blue-chip NFT collection of pixelated characters often used as profile pictures (PFPs) by crypto industry executives and investors, demonstrated more resilience, rising by nearly 3% during August, according to NFTPriceFloor.

NFT projects take a hit during August. Source: NFTPriceFloor

Meanwhile, BAYC recorded losses of over 11% in August, and Pudgy Penguins recorded declined by over 20% in US dollar terms.

The NFT market cap hit $9.3 billion at the beginning of August during Ethereum’s historic bull rally to new all-time highs. However, the NFT market cap has since dropped to just $7.4 billion at the time of this writing and continues to correlate with ETH prices.

Magazine: GUN token’s $69M milestone, Pudgy Penguins go to LOL Land: Web3 Gamer



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ethereum
Crypto Trends

VanEck CEO Calls Ethereum ‘The Wall Street Token’ As Institutional Adoption Rises

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Investment management firm VanEck’s CEO, Jan van Eck, said on Fox Business yesterday that Ethereum (ETH) is very much “the Wall Street token.” His comments come as ETH hovers near a potential new all-time high (ATH), drawing renewed attention from both retail and institutional investors.

Ethereum Essential For Stablecoin Transfers

In a recent interview with Fox Business, VanEck CEO shared thoughts on ETH’s current momentum – both in terms of price and adoption. The executive said that banks must adopt the smart contract network to facilitate stablecoin transactions.

For the uninitiated, stablecoins are cryptocurrencies designed to maintain a stable value by being pegged to a reserve asset like the US dollar. They combine the speed of crypto with the stability of traditional currencies, making them widely used for payments, trading, and remittances.

Until recently, banks were cautious about stablecoins due to regulatory uncertainty and their association with the broader, volatile crypto market. However, following the passage of the GENIUS Act, attitudes have begun to shift. 

Regulators are now offering a clearer framework for digital asset operations, and commercial institutions are increasingly open to adopting stablecoins as part of their financial infrastructure.

Speaking on Fox Business, Jan van Eck said it is essential for banks and commercial institutions to adopt a blockchain to enable stablecoin movements. Among the several potential candidates, the VanEck CEO thinks Ethereum holds a competitive advantage. He added:

So the winner is, who’s going to be building on these blockchains? It’s going to be Ethereum or something that uses Ethereum kind of methodology, which is called EVM.

This is not the first time VanEck has highlighted Ethereum’s role in the evolving digital economy. In a recent report, the firm suggested that Ethereum could one day surpass Bitcoin (BTC) as the preferred store of value, citing ETH’s declining issuance rate and expanding network utility as key drivers.

Stablecoin adoption has accelerated since Donald Trump’s victory in the November 2024 US presidential election. The state of Wyoming recently launched its own stablecoin, FRNT, marking the first such initiative by a US state government.

Meanwhile, Treasury Secretary Scott Bessent projected that the stablecoin market could grow to as much as $3.7 trillion by 2030. Investment banks are also weighing in as Citigroup recently estimated the market could expand sevenfold within five years.

ETH Adoption Outshines Bitcoin

Ethereum’s broad utility continues to give it an edge over Bitcoin. While BTC remains primarily a store of value and an inflation hedge, ETH powers decentralized finance (DeFi), non-fungible tokens (NFTs), and functions as a global settlement layer for digital payments.

Against that backdrop, an increasing number of firms are actively adding ETH to their balance sheets. For example, SharpLink Gaming recently purchased another 56,533 ETH, increasing its total holdings close to 800,000 tokens.

Source: SoSoValue.com

Recent exchange-traded funds (ETF) data also shows ETH ETFs outperforming their Bitcoin counterparts for seven consecutive days. At press time, ETH trades at $4,473, down 3.2% in the past 24 hours.

Ethereum trades at $4,473 on the daily chart | Source: ETHUSDT on TradingView.com

Featured image from Unsplash.com, charts from SoSoValue and TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Crypto Trends

DOT Token Give’s Up Early Advance

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Polkadot’s DOT earlier Thurwday rose more than 2%, with institutional volume patterns suggesting professional participation, according to CoinDesk Research’s technical analysis model.

The model showed the digital asset demonstrating textbook institutional accumulation behavior, initially testing support at $3.81 before executing a measured advance to $4.02 accompanied by substantial volume of 4.6 million units.

Trading volumes exceeding 320,000 units during the initial decline phase indicate institutional repositioning rather than retail panic, with subsequent buying interest establishing clear support levels around $3.90-$3.91, according to the model.

The move higher in Polkadot reversed though, with the price slipping back to that $3.90 support.

On the news front, the Republic of Paraguay has committed $6 million to a Polkadot-based tokenization initiative, according to a post on X , a landmark government endorsement of blockchain technology for sovereign infrastructure development.

Technical Analysis:

  • DOT established a trading range of $0.21 representing 5.2% volatility between $3.81 floor and $4.02 ceiling during 24-hour session
  • Professional support formation confirmed at $3.90-$3.91 levels with institutional buying interest
  • Resistance threshold identified at $4.02 with volume-driven price discovery mechanisms
  • Institutional volume patterns exceeding 320,000 units indicate sophisticated market participation
  • Recovery trajectory from $3.81 to $4.02 supported by 4.6 million trading units demonstrating market depth
  • Consolidation range between $3.91-$3.95 suggests institutional accumulation during market weakness

.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



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Shaurya Malwa
NFT Gaming

YZY Hype Machine Leaves Traders Nursing Millions in Losses on Kanye West-Linked Token

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Buying the YZY token apparently linked to Ye, the rapper formerly known as Kanye West, ended in tears for more than 70,000 wallets, Bubblemaps, a blockchain data visualization tool, said in a post on X.

The Solana-based memecoin’s debut last week was part of a “YZY Money” ecosystem plan, which included payment rails and a branded card.

On-chain data, however, suggests that insider and early wallets, combined with thin liquidity and rapid speculation, resulted in a launch where whales extracted millions, while the crowd shouldered nearly all of the losses.

The updated $YZY numbers are worse than we thought

70,000+ total traders

> 51,862 lost $1–$1k
> 5,269 lost $1k–$10k
> 1,025 lost $10k–$100k
> 108 lost $100k–$1M
> 3 lost $1M+

Meanwhile, 11 wallets made $1M+ pic.twitter.com/I9ZaBJepAM

— Bubblemaps (@bubblemaps) August 27, 2025

More than 51,800 addresses appear to have lost between $1 and $1,000, another 5,269 are down $1,000 to $10,000, and 1,025 wallets shed $10,000 to $100,000, according to Bubblemaps’ data.

At the top of the loss curve, 108 wallets are sitting on six-figure drawdowns, while three traders lost more than $1 million each.

On the other side of the calculation, 11 addresses booked profit of $1 million or more, just 0.015% of the total. An estimated 99 wallets generated over $100,000, while 2,541 wallets cleared at least $1,000.

The crowd as a whole is down some $8.2 million, despite some insiders pocketing substantial wins. So while 18,000 wallets technically profited, the concentration was brutal. The real money sat with the top 11, while the rest barely moved the needle.

The lopsided distribution reflects the structural flaws flagged from day one, as CoinDesk noted in its earlier story.

A full 70% of the supply was earmarked for Yeezy Investments LLC, locked under Jupiter’s vesting system, with only 20% sold to the public and 10% used for liquidity.

The pool itself was seeded with YZY tokens alone without a stablecoin pair — a design that leaves the door open to sudden liquidity pulls, not unlike the short-lived LIBRA token promoted in Argentina in February.

On-chain analysts identified wallets with early access. At the time of the issuance, address 6MNWV8 spent 450,611 USDC for 1.29 million YZY at $0.35, flipped 1.04 million tokens for 1.39 million USDC, and still holds roughly 249,907 YZY worth about $600,000 to make a quick $1.5 million profit.

As of Thursday, YZY’s market cap has deflated to $544.9 million with $42.7 million in liquidity and 26,590 holders, down sharply from the initial frenzy that briefly saw valuations touted as high as $3 billion.

Daily volume has slumped to $1.8 million, DEXTools data shows, a fraction of early activity.

YZY’s performance closely mirrors that of many celebrity-based memecoins, where the chance of hitting life-changing gains is effectively zero unless you were already in on the inside.

CoinDesk has contacted Ye by email for comment.





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VanEck CEO: 'Ethereum Is Wall Street Token'
NFT Gaming

VanEck CEO: ‘Ethereum Is Wall Street Token’

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  • More ETF inflows 
  • Whale bets more on ETH

During a recent appearance on Fox Business, VanEck CEO Jan van Eck stated that Ethereum (ETH) is “the Wall Street token.” 

He is convinced that Ethereum will be at the very center of the stablecoin bonanza that is taking over financial institutions. 

“It’s going to be Ethereum or something else that uses Ethereum’s kind of methodology called EVM,” van Eck said. 

More ETF inflows 

According to data provided by SoSoValue, BlackRock’s ETHA attracted another $262 million worth of Ethereum (ETH) on Wednesday, which shows a consistently high level of institutional demand. 

The blockbuster ETF now boasts more than $17 billion worth of total assets. 

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For comparison, VanEck’s ETHV has attracted a relatively modest $3.35 million worth of inflows. 

Whale bets more on ETH

According to data provided by analytical firm Lookonchain, a whale continues to add to his Ethereum (ETH) long, which has now approached a staggering $298 million.

ETH is currently changing hands at $4,571, according to CoinGecko data. 

The whale in question will get liquidated if the price of the flagship altcoin drops below $4,343.



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GameFi Guides

Numeraire Climbs After JPMorgan Deal to Lead AI Token Surge

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In brief

  • AI tokens climbed nearly 6% in 24 hours, lifting their market value to $29.4 billion.
  • Numerai crowdsources trading signals, rewarding data scientists with NMR tokens.
  • JPMorgan’s potential stake underscores a growing interest in AI-crypto funds.

The token for Numerai, a crypto hedge fund that uses artificial intelligence, led a surge in AI-focused digital assets on Wednesday after JP Morgan Asset Management said it was committing $500 million to the project.

NMR was up more than 100% over the past 24 hours to trade near $23, according to crypto markets data provider CoinGecko.

The AI-token sector rose 5.8% in 24 hours, reaching a total market cap of $29.4 billion, according to CoinGecko. The rally came even after Nvidia, whose hardware underpins much of the artificial intelligence boom, reported weaker-than-expected second-quarter earnings.



Among the 24-hour gainers, Near Protocol (NEAR) climbed 1.5%, the token of the Artificial Superintelligence Alliance (FET) added 1.3%, and Internet Computer (ICP) rose 1%.

Founded in 2015, Numerai crowdsources market forecasts from data scientists, rewarding top models with its NMR token. It began with an encrypted online tournament where participants competed to predict stock prices.

In hedge fund terms, “capacity” means an investor has locked in the option to allocate a set amount of money to a fund, ensuring access even if the fund later limits new investments. It signals a reserved allocation, not an immediate transfer of funds. Numerai has attracted high-profile early backers over the years, including Paul Tudor Jones, Naval Ravikant, and Renaissance Technologies co-founder Howard Morgan.

The Numerai deal marks another pivot for JPMorgan, whose CEO Jamie Dimon has long been a vocal crypto skeptic. Dimon once called Bitcoin a “fraud” and likened digital assets to “decentralized Ponzi schemes.”

But Dimon has softened his stance. At a May investor day, Dimon said that while he still doesn’t support Bitcoin personally, JP Morgan would allow clients to buy it. In June, the bank said it was exploring crypto‑backed lending and offering loans backed by clients’ digital‑asset holdings.

JP Morgan Asset Management did not immediately respond to a request for comment by Decrypt.

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Whales see this memecoin as the next big token
NFT Gaming

Whales see this memecoin as the next big token

by admin



Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Ethereum-based Pepeto has raised $6m, built a 100k-strong community, and offers early investors a chance at massive gains.

Summary

  • Pepeto surges as DOGE and PEPE lose momentum in the 2025 bull run.
  • Ethereum-based Pepeto presale raises $6m, boasting 100k+ strong community.
  • With working tools and staking rewards, Pepeto aims to be the next Shiba Inu.

Is the 2025 crypto bull run about to reveal the next big memecoin? Dogecoin (DOGE) and PEPE  are still in the game, but both are losing strength. 

At the same time, an Ethereum-based memecoin, Pepeto (PEPETO), is moving quickly with a presale that keeps growing. It has already raised over $6m and built a community of more than 100,000 people. 

Pepeto combines working tools with strong hype, making it one of those rare chances where small early investments can turn into life-changing gains. With its presale price set at $0.000000149 and real solutions already live, many investors are now asking: Could Pepeto be the next Shiba Inu by December 2025?

Pepeto’s rapid rise in 2025

Pepeto is becoming one of the fastest-growing Ethereum memecoins of 2025. Unlike many new projects that choose Layer 2 blockchains, Pepeto is built directly on Ethereum mainnet. 

Its presale, now live at $0.000000149, has raised over $6m and attracted more than 100,000 supporters. This shows that traders see Pepeto as more than a passing trend — it looks like a serious investment.

The real advantage comes from the meaning of Pepeto’s name: T for technology and O for optimization. PepetoSwap offers zero-fee trading, with every swap adding buying pressure for the token. PepetoBridge allows safe transfers across chains within one app. 

These working products have already caught the attention of big investors, the same type of early whales who first saw the potential in DOGE and SHIB. Now, other smart wallets are following, with whales positioning for major returns.

Pepeto’s total supply is 420 trillion tokens, just like PEPE. The tokenomics are simple: 30% presale, 30% staking, 20% marketing, 12.5% liquidity, and 7.5% development. 

Staking rewards are designed to benefit early holders and keep stability after launch, with APY currently at 237%. This adds trust and shows the careful planning behind Pepeto.

Binance listing ahead

Memecoins grow fastest when they reach big exchanges. Pepeto’s expanding community is already putting this Ethereum coin in front of traders searching for the next opportunity. Two audits, by SolidProof and Coinsult, plus a live PepetoSwap demo, give extra confidence since people can test before launch.

At the same time, there is growing speculation about Tier 1 listings, including Binance. History gives clear examples: DOGE’s big rise in 2021 and SHIB’s surge after Binance added it. If Pepeto follows the same path, its tools and community could trigger massive gains soon after launch and for years to come.

Pepeto price prediction, bold yet grounded

Price targets are ambitious, but they rest on facts. Starting from a presale price of $0.000000149, Pepeto could see 20x to 60x growth by 2025. 

DOGE once traded below one cent before skyrocketing. SHIB reached billions in value within weeks. With over 100,000 followers already and early whale activity, Pepeto is shaping up to be the standout of this cycle. If adoption and listings continue into 2026 and 2030, returns could go as high as 200x.

Community power and early whale support

Pepeto’s formula is simple: real tools plus strong hype. With more than 100,000 followers, constant presale interest, and whales buying in, the momentum is clear. 

The buzz is spreading across social media and trading groups, creating a chain reaction. In crypto, community and story move prices, but Pepeto goes further by adding utility. This creates perfect conditions for fast adoption at launch, giving early investors even bigger returns.

Risk and reward in memecoins

Like every memecoin, Pepeto carries volatility. Prices can shoot up quickly during hype but also drop fast when attention fades. What sets Pepeto apart is that it is not based on hype alone. It already has finished audits, a zero-fee DEX, a working cross-chain bridge, and a presale that keeps selling strong. A live demo of PepetoSwap is available here:

https://www.instagram.com/reel/DLPoIbEID60/?igsh=d2gwcWhuNjZ4YWdo

Projects that win are the ones solving real problems, and Pepeto does exactly that. On top of this, 30% of tokens are reserved for staking, which gives rewards to holders and supports price stability even if the market gets tough. This makes the risk-to-reward ratio in Pepeto’s case very attractive, with lower risk compared to the potential for massive returns.

Conclusion

All signs show Pepeto is more than just another memecoin. With over $6m raised, two successful audits, live working products, and a fast-growing community, it already checks the boxes for mainstream breakout. From today’s presale price of $0.000000149, a 5x to 50x gain by 2025 is within reach, with even higher multiples possible by 2026 and 2030 as listings and adoption grow.

If Bitcoin stays strong and altcoin money rotation continues, Pepeto has what it takes to become the next Shiba Inu-style millionaire maker. For now, the presale window is open, but it may not stay open for long.

Disclaimer: To buy PEPETO, use only the official website. As the listing date approaches, be aware of scams using the project’s name to mislead investors. Always verify sources before committing funds.

To learn more about PEPETO, visit its website, Telegram, Instagram, and Twitter.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.





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Jamie Crawley
NFT Gaming

Meme Coin Gains Momentum as Safety Shot Commits $25M in Token Financing

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BONK, the Solana-based meme token, endured sharp price swings during the last 24 hours, reflecting both selling pressure and large accumulation. The token moved within an 8% range between $0.0000197 and $0.0000212, ultimately consolidating near $0.0000205.

The heaviest selling occurred during the Aug. 25 evening, when BONK fell about 5% from $0.0000208 to $0.0000197 on trading volume exceeding 1.8 trillion tokens, substantially above daily averages, according to CoinDesk Research’s technical analysis data model.

Buyers reentered at these levels, building technical support around $0.0000197 and driving prices back into a narrow consolidation band between $0.0000203 and $0.0000205.

Corporate participation helped reinforce market confidence. Safety Shot Inc., a Nasdaq-listed company, confirmed a $30 million financing arrangement on Aug. 25, with $25 million denominated in BONK tokens. The deal reflects rising interest in meme coins as part of broader corporate finance strategies, underscoring BONK’s role as a key Solana-based alternative to established meme assets.

BONK showed signs of resilience on Tuesday, edging from $0.0000203 to $0.0000204 (a modest 0.3% gain). Notably, between 11:49 and 11:56 UTC, trading activity accelerated, with more than 17.5 billion tokens exchanged, suggesting liquidity remains robust even during periods of consolidation.

This balance between institutional adoption and heightened volatility positions BONK as a closely watched meme token within the Solana ecosystem.

Technical Analysis

  • Range: $0.0000197–$0.0000212 (8% volatility).
  • Correction: 5% decline during the evening of Aug. 25.
  • Volume Spike: 1.81 trillion tokens exchanged during selloff.
  • Support Zone: Established near $0.0000197.
  • Consolidation: Prices held between $0.0000203–$0.0000205.
  • Momentum: 1% gain during rally supported by 17.5B tokens.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



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