Safety Shot’s recent $25 million investment in BONK led to a sharp decline in stock prices by 50%, dropping to $0.59. This investment strategy, focusing on memecoin transactions, did not resonate positively with investors, reflecting a significant market reaction.
In preparation for this strategic move, Safety Shot settled its debts and currently holds over $15 million in cash. Despite fluctuations over the past year, the company aims for corporate evolution, having witnessed a 36% increase in share value over the last month.
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