Bonk.fun Redirects 51% of Fees to BNKK DAT for BONK Accumulation
The restructuring channels fees into BNKK’s accumulation program to build long-term reserves.
Overview
- Bonk.fun said effective today 51% of platform fees will be used to buy BONK for BNKK’s Decentralized Autonomous Treasury.
- The new 51% draw is repurposed from 35% buy/burn, 4% SBR and 2% BONK Rewards buckets and adds to a prior 10% DAT allocation.
- BNKK previously purchased about $32 million of BONK in October and secured a majority revenue interest in Bonk.fun valued near $30 million.
- Project statements say community and operations budgets are unchanged, with BNKK aiming to expand reserves, including a reported plan to double holdings and a 5% circulating-supply target.
- A fully backed BONK ETP has launched on Switzerland’s SIX Exchange, while BONK trades near $0.0000099, down roughly 14% month-to-date with a market cap above $800 million.