- DeFi Development Corp announced a partnership with meme coin BONK to launch a Solana validator.
- DeFi Development Corp will operate the validator but will grow the stake alongside BONK and split rewards.
- BONK is down 4% following the announcement.
BONK declined 4% on Friday despite an announcement from DeFi Development Corporation that it has entered a validator partnership with the Solana meme coin to expand its business and grow its SOL Per Share value.
BONK declines despite partnership with DeFi Development Corp
Solana treasury-focused firm DeFi Development Corporation has partnered with meme coin BONK to co-launch a Solana validator, according to a press release on Friday.
The firm stated that this is the first time a public company is partnering with a community meme coin, as it aims to expand how institutions can align with decentralized networks.
DeFi Development Corp will operate and manage the Solana…
