Sharps Technology has introduced plans to stake a portion of its treasury in BONK. This has led to bullish projections from consultants, as a crypto analyst initiatives a parabolic rally for the token.
Sharps Technology To Stake SOL Holdings In BONK
In a latest press release, Sharps Technology introduced it can allocate a portion of its just lately acquired 2 million SOL into BonkSOL, BONK’s liquid staking token (LST). The initiative could be funded by a personal funding deal led by Cantor Fitzgerald & Co.
This is designed to generate staking yields whereas supporting liquidity inside the meme coin and Solana ecosystems.
James Zhang, a strategic advisor to Sharps Technology, mentioned the collaboration displays the corporate’s dedication to backing key gamers throughout the Solana community.
“Partnering with BONK provides us with new avenues to potentially generate increased returns for our shareholders, while amplifying our presence across Web3 and beyond,” he defined.
The meme coin’s core staff echoed the sentiment, noting that the corporate has constructed probably the most lively Solana treasuries in the market.
“This partnership strengthens BONK’s institutional footprint and continues our mission to maximize distribution and value back to the Solana community,” a core contributor mentioned.
The token has steadily developed into a serious infrastructure participant on the Solana blockchain. Its merchandise now span over 400 integrations. This contains BONKBot, which has processed over $14 billion in lifetime buying and selling quantity, and Bonk.enjoyable, which recorded $28 million in quarterly income. Meanwhile, BonkSOL, its liquid staking product, has attracted shut to 200,000 SOL.
The newest partnership is comparable to Lion Group Holding, which just lately reallocated its Solana holdings into Hyperliquid (HYPE).
Analysts Turn Bullish on BONK
Market analysts are actually projecting a possible parabolic rally for the token, notably after its latest worth pullback. A well-followed analyst on X described the most recent dip as “the last dip ever before parabolic.” He instructed that the risk-to-reward setup closely favors upside.
Adding gasoline to the bullish narrative, Tuttle Capital filed for a number of income-based ETFs tied to BONK, Sui, and Litecoin. News of the filings triggered a swift rally throughout all three belongings, with the meme coin posting a acquire of greater than 3% in 24 hours.
Furthermore, crypto knowledgeable Kadense highlighted that the token is retesting key liquidity zones. He predicted additional energy as macroeconomic circumstances, equivalent to potential rate of interest cuts, align with crypto’s cyclical uptrend.
$BONK wanting actual good right here
Retest of the liquidity zone and after downtrend get away heading into rate of interest cuts and This autumn with a number of tradfi merchandise in the pipeline$BONK DAT❗️❗️❗️ pic.twitter.com/rR2T8EI3rR
— Kadense Pengu°❗️❗️❗️ (@iamkadense) September 17, 2025
The token has been step by step working its method again towards its previous all-time highs. Traders argue that institutional help, coupled with an increasing product suite, might present the spark wanted to push the token decisively larger.
