Safety Shot Stock Plunges 50% After $25M Bonk Memecoin Treasury Bet
Shares of Nasdaq-listed beverage maker Safety Shot (SHOT) tumbled more than 50% on Monday after the company unveiled plans to allocate $25 million to Bonk (BONK), a Solana-based memecoin, as the centerpiece of its new corporate treasury strategy. In a statement, Safety Shot announced a strategic alliance with Bonk’s founding ...
