DeFi Development Surges 30% on BONK Validator Partnership, More SOL Purchases

DeFi Development Surges 30% on BONK Validator Partnership, More SOL Purchases


Nasdaq-listed DeFi Development Corp. (DFDV) jumped 30% on Friday to fresh record highs after unveiling a partnership with Solana’s top memecoin BONK and purchasing another batch of Solana’s SOL SOL$171.31 tokens.

The company said it will co-manage a Solana validator with BONK, claiming to be the first time a memecoin community and a public company sharing staking infrastructure on Solana, according to a press release. The cooperation also expands to integrate BONK’s own liquid staking token, BONKSOL. Both parties will grow the validator’s stake and split the rewards.

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