- A publicly traded company is set to acquire BONK tokens valued at $115 million by the close of 2025.
- The Shiba Inu development team has provided clarity on recent fluctuations in LEASH’s supply.
- Fartcoin experiences a sharp decline, with a 12% drop in its value within 24 hours.
Cryptocurrencies are showing signs of recovery as July’s CPI inflation rate of 2.7% has positively impacted sentiments around riskier assets.
Ethereum has surpassed the $4,400 mark, reigniting discussions around altseason.
This article delves into the ongoing developments within meme cryptocurrencies, spotlighting BONK, the Shiba Inu ecosystem, and FARTCOIN.
Bonk’s Landmark $115 Million Investment
On Monday, Safety Shot Inc., a health beverage company listed on Nasdaq, acquired BONK tokens valued at approximately $25 million as part of its new cryptocurrency treasury strategy.
The company intends to accumulate 5% of the total supply of BONK tokens—roughly worth $115 million at present prices—by the end of this year.
🚨 CMC News: $BONK Treasury Safety Shot Targets $115 Million Acquisition by Year-End.
🔗 https://t.co/jwgDmuR6ay pic.twitter.com/1fCnhVeaEI
— CoinMarketCap (@CoinMarketCap) August 12, 2025
This initiative makes Safety Shot the first Nasdaq-listed company to create a treasury for BONK tokens, following a growing trend among traditional organizations diversifying into cryptocurrency.
Other companies have also started adopting crypto reserves; for instance, Heritage Distilling secured Story Protocol ($IP) as a reserve asset.
Despite a recent 6% drop, BONK currently trades at $0.00002484. Safety Shot’s significant acquisition demonstrates a bold belief in the ongoing prospects for BONK in the market.
Shiba Inu Developers Address LEASH Supply Concerns
Recently announced adjustments to LEASH’s supply have sparked centralization concerns within the Shiba Inu ecosystem. On August 11, the number of LEASH tokens increased by an unexpected 10,765, catching many within the community off-guard.
This anomaly raised alarm bells as the project had previously communicated intentions for a fixed supply. Kaal Dhairya, the lead developer at Shiba Inu, addressed these concerns by revealing that a rebase mechanism had inadvertently persisted in the LEASH smart contracts, allowing for adjustments without oversight.
In his statement, Dhairya acknowledged that this could have shattered trust, as the community was under the impression that the supply was immutable:
Dealing with a complicated ecosystem with multiple stakeholders has made it difficult to maintain alignment and trust. I’m committed to transparency and ensuring that these decisions are made democratically through our DAO.
In light of these developments, LEASH’s value has plummeted nearly 30% in just 24 hours, currently standing at $118, with trading volume rising by 75%, indicating heightened selling activity.
FARTCOIN Faces a Continued Downward Trend
Fartcoin has extended its losses, dropping below the $1 mark over the weekend. The token now trades at $0.8760, reflecting a significant 12% decrease in the last 24 hours.
As illustrated in the chart below, Fartcoin has struggled to regain traction:
The declining performance of Pump.fun, the meme token launchpad associated with Fartcoin, has intensified bearish sentiment surrounding the token.
Despite the recent introduction of the Glass Foundation aimed at stabilizing Solana-based digital assets, interest in Fartcoin appears to be waning, as rival platforms like LetsBonk.fun gain more traction.
Given the bearish technical indicators, further declines for FARTCOIN could be imminent before any potential resurgence is seen.
