DFDV Stock Jumps 30% After BONK Deal


Nasdaq-listed DeFi Development Corp jumped 30% to record highs following a validator partnership with Solana meme coin $BONK.


The company now co-manages a Solana validator with the BONK community, marking the first collaboration between a public firm and meme coin community on #Solana infrastructure.


DFDV purchased another 16,447 $SOL tokens for $2.3 million at an average price of $139.66, below market rates.


Total holdings now stand at 609,190 $SOL tokens worth approximately $107 million.


The partnership integrates BONK's liquid staking token, BONKSOL, with shared validator rewards between both parties.


DFDV, formerly real estate platform Janover, pivoted to a Solana focus after former Kraken executives acquired a majority stake last month.


Shares have gained over 2,800% since the #DeFi pivot, hitting $118 during Friday's trading session.

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May 18, 2025 at 11:15 PM
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