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.
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