TenX Snaps Up 219.7B $BONK Tokens—Is a Bonk Price Explosion to New ATH Imminent?
TenX just made a massive bet on the meme coin frenzy, acquiring a staggering 219.7 billion $BONK tokens. The move sends shockwaves through the crypto-sphere, raising one burning question: is this the fuel for Bonk's next parabolic rally?
The Whale's Appetite
When a major player like TenX enters with a position this size, it's not a casual investment—it's a statement. The sheer volume of the purchase suggests deep conviction, or perhaps a calculated gamble on retail sentiment's infinite capacity for dog-themed tokens. It's the kind of move that makes chart watchers scramble and Telegram groups light up with rocket emojis.
ATH on the Horizon?
History shows that concentrated buying pressure from institutional-grade wallets can act as a powerful catalyst. Liquidity gets locked up, supply shock narratives take hold, and fear of missing out (FOMO) does the rest. The path to a new all-time high often starts with a single, jaw-dropping on-chain transaction. This could be that transaction.
But Let's Be Real
For every moonshot, there's a graveyard of abandoned meme coins. While the tokenomics of scarcity might get a short-term boost, sustainable value is another beast entirely. It’s the classic crypto dance: a big wallet makes a move, the crowd piles in hoping for a quick flip, and someone, eventually, is left holding the bag—probably while staring at a cartoon dog's face. The 'greater fool' theory isn't just finance; in crypto, it's practically a business model.
The bottom line? TenX's colossal acquisition is a undeniable spark. Whether it ignites a sustained bonfire for $BONK or just another spectacular, short-lived flare is the multi-billion dollar question. Buckle up.
TenX Protocols (TSX-V: $TNX) has announced a major expansion into the solana (SOL) ecosystem through the Bonk (BONK) memecoin. The multi-blockchain staking platform announced its support for BONK, after recently going public in Canada to raise funds for crypto treasury management.
TenX Protocols Buys 220B BONK For Treasury Management
After raising more than $30 million and going public to support its crypto campaign, TenX Protocols announced the acquisition of 219,737,766,594.9 BONK tokens. The Canadian company purchased BONK tokens at an average cost of approximately $0.00001138, through a combination of open-market and over-the-counter purchases.
“We look forward to exploring additional ways to collaborate and to support TenX’s cross-chain initiatives. BONK will continue to serve as a strong social and application-focused component within TenX’s high-performance blockchain strategy,” Mitchell Rudy, BONK Core Contributor, noted.
According to Mat Cybula, Chief Executive Officer of TenX Protocols, the strategic acquisition of BONK is in line with the company’s support for the Solana ecosystem.
Is $BONK Price Ready for New ATH?
The strategic acquisition of BONK by TenX Protocols has coincided with the 2026 memecoin rebound. According to market data analysis from CoinGlass, the BONK Futures Open Interest has surged from $7 million at the beginning of this year to hover about $16 million at press time.
As such, the BONK price is well-positioned to rebound further in the NEAR future. The dog-themed memecoin, with a fully diluted valuation of about $1 billion at press time, has surged over 55% during the past seven days.
Source: X
Crypto analyst on X alias @Timeless_Crypto expects BONK price to rally towards its ATH after h retesting the lower boundary of a multi-month horizontal range.
