Recently, the Nasdaq-listed company Safety Shot made a surprising move in the market. The company announced that it has acquired the highly regarded BONK token in the Solana ecosystem and successfully secured a 10% revenue sharing right from the Bonk.fun platform. This initiative has caused quite a stir in the Web3 field and is seen as another attempt at the convergence of traditional finance and the emerging blockchain economy.



However, the market's reaction to this decision has not been optimistic. The stock price of Safety Shot fell by about 50% after the announcement, fully reflecting investors' cautious attitude towards this move. This reaction also highlights the complex emotions in the current market regarding traditional companies venturing into the cryptocurrency space.

The Safety Shot can be seen as a bold capital experiment. Betting the company's assets on a token known for meme culture and an emerging project launch platform undoubtedly showcases the management's confidence in the future of Web3, but it also brings considerable risk.

In the short term, this news may bring a certain boost in traffic to the Solana ecosystem. However, long-term success still requires a stable cash flow to sustain it. Investors and market analysts will closely monitor several key indicators: the frequency of revenue sharing payments, the company's repurchase pace in the secondary market, and the transparency of information disclosure.

This event has also sparked in-depth thinking within the industry about how Web2 companies can effectively integrate into the Web3 ecosystem. It not only showcases the positive attitude of traditional enterprises towards emerging technologies but also exposes the challenges and risks faced during this process.

As more traditional companies begin to explore blockchain technology and the crypto economy, we may see more similar attempts. This will undoubtedly bring new vitality to the entire industry, but it also requires companies and investors to remain vigilant and weigh opportunities against risks. In the future, finding a balance between innovation and stability will be the key factor in determining the success or failure of such cross-border attempts.
SOL-4.54%
BONK-10.64%
FUN0.53%
MEME2.31%
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FloorPriceWatchervip
· 08-13 21:02
This wave has lost a lot.
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NftDataDetectivevip
· 08-12 12:51
looks like another boomer company yoloing into crypto... -50% says it all tbh
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OnchainFortuneTellervip
· 08-12 12:38
Isn't this equivalent to Rekt?
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BridgeNomadvip
· 08-12 12:38
another bridge experiment gone wrong... rip hodlers
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LiquidatedNotStirredvip
· 08-12 12:37
Cannon to hit a small bird
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GasGrillMastervip
· 08-12 12:30
So you're really going all in, right?
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