The new BONK Financial Corp Safety Shot (SHOT) token price is halved.

BlockBeats News, August 11th, according to rockflow data, the stock price of the new BONK Treasury company Safety Shot (SHOT) fell by 49.1% during the trading day, currently trading at $0.58, with a market capitalization of $85.01 million. When the "BONK Treasury" news was released, it rose to $1.25 in pre-market trading.

BlockBeats previously reported that the U.S. listed company Safety Shot (Nasdaq symbol: SHOT) announced a strategic alliance with BONK founding contributors, officially entering the decentralized finance (DeFi) field. Under the agreement, the company will receive $25 million worth of BONK tokens and will issue convertible preferred shares worth $35 million, exchangeable for common stock.