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Memecoin trades carry rare 'seven-leg' parlay odds, BONK's Nom says at Consensus
Key takeaways
- Nasdaq-listed Bonk Holdings (BNKK), which rebranded from beverage company Safety Shot in October 2025, holds roughly 2.7% of BONK's circulating supply and is targeting $115 million in token holdings by the end of 2026.
- Tuttle Capital has filed a 2x leveraged BONK ETF with the SEC, and TenX Protocols, listed on the TSX Venture Exchange, made a public treasury allocation in January.
- The token launched Christmas Day 2022, days after the FTX collapse, with Solana trading below $10 and most builders questioning whether the chain would survive.
Most memecoin teams lack the staying power to push their projects through real regulatory steps, Nom said, citing exchange listings, ETF filings and public-company structures as the markers that separate tokens that last from those that rinse retail.
Crypto has built systems "really, really good at incentivizing inorganic traffic," he added, pointing to points programs and airdrop farms that pull in mercenary capital and then watch network activity collapse the following week.
BONK has worked through several of those rails. Nasdaq-listed Bonk Holdings (BNKK), which rebranded from beverage company Safety Shot in October 2025, holds roughly 2.7% of BONK's circulating supply and is targeting $115 million in token holdings by the end of 2026.
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