Safety Shot to Rebrand as Bonk Inc, Targets 5% BONK Treasury

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In Birief

Safety Shot rebrands to Bonk Inc, trading under new ticker BNKK this Friday.
Bonk Inc boosts BONK holdings to $43M, aiming for 5% of circulating supply.
BONK price slips 7.6% in 24 hours, testing key support at $0.000018–$0.000020.

Safety Shot will rebrand to Bonk, Inc., and it will trade under the ticker BNKK. The company said the shift clarifies strategy while it sells non-core assets and consolidates BONK initiatives.

Bonk, Inc. increased its BONK holdings to 2.7% of the circulating supply, worth about $43 million, per BonkDat. It targets 5% by year-end while unifying projects and revenue under one investable entity.

Shares still trade under SHOT and rose nearly 38% over five days, according to Yahoo Finance. However, monthly performance remains softer, with the stock down more than 5% over the period.

Bonk emerged after the FTX collapse and revived Solana community confidence through a broad airdrop. The project now builds tools, including a trading bot and an automated market maker to expand utility.

BONK Price Trends and Treasury Expansion

Bonk, Inc. acquired a 10% revenue share in meme coin launchpad LetsBonk to support ecosystem growth. It plans further investments across products that strengthen liquidity and long-term network value.

Because BONK lacks native staking, the company is exploring alternative yield methods consistent with long-term accumulation. It dismissed strategies that cap upside, and it prioritized compounding exposure over short-term option income.

BONK holds a $1.46 billion market capitalization after a 5.4% weekly decline, per CoinMarketCap. It ranks 63rd overall and third among Solana meme coins by market value.

BONK trades at $0.00001884 after a 0.12% hourly drop and a 7.60% daily loss. Weekly performance shows an 8.01% decline, indicating persistent selling and lighter liquidity across Solana meme assets.

Bonk Daily chart Screenshot | Source: CoinMarketCap

The $0.000018 area acts as near-term support and could anchor consolidation. A breakdown below $0.000018 may target $0.000015–$0.000016, while strength above $0.000020–$0.000021 would flag early recovery.

The company expects seasonal strength in the fourth quarter and is positioning its treasury accordingly. It aims to build the leading public vehicle for the BONK ecosystem while delivering long-term shareholder value.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.