Nasdaq-listed Safety Shot has secured a 10% revenue stake in LetsBONK.fun, one of the largest memecoin launchpads on Solana.
As part of the deal, Safety Shot will add $25M worth of $BONK to its treasury. Effectively, this’ll make the public company a direct beneficiary of the platform’s growth and the token’s success.
During this period, it captured the lion’s share of daily revenue among Solana launchpads, frequently outpacing its main rival Pump.fun, thereby cementing its dominance.
With no debt and $15M+ in cash, the company is well-positioned to benefit from both the token’s price performance and the launchpad’s growth.
In fact, it promises the lowest fees on the Solana network at just 0.85% and executes faster than rival bots like Maestro and Trojan.
Following its Solana launch, it’ll then go multi-chain, tapping into Ethereum, BNB Chain, Polygon, and Base. By doing so, you’ll be able to trade various promising projects across top networks from a single, streamlined interface.
From day one, it’ll give you access to advanced trading tools like copy trading, limit orders, and automated sniping. Its ultimate goal is to give you a leg up in the trading arena, after all.
Safety Shot’s stake in LetsBONK.fun highlights how institutional players and publicly traded companies are moving beyond simply holding crypto; they’re buying into platforms to generate revenue.
Naturally, this is excellent news for Solana-based projects like the upcoming Snorter Bot. As more attention and investment flow into the network, it’s bound to witness greater adoption and trading activity.
We’re not financial advisors. DYOR and never invest more than you’d be sad to lose.
