Solana ecosystem makes a big move again: institutions heavily buying BONK, the ecosystem layout behind the $20 million chips

【Crypto World】An interesting event has occurred—a multi-chain staking platform recently spent over $2 million in one go to acquire more than 21.9 billion BONK tokens. This is no small feat; based on the average price at the time, this purchase is quite substantial. The institution previously raised over $30 million in Canada, and its large BONK holdings in this round clearly represent an important step in its crypto ecosystem strategy, with the goal of making BONK a core asset in its cross-chain strategy.

The market reaction is quite straightforward. The open interest of BONK futures contracts has risen from $7 million at the beginning of the year to $16 million now, an increase of over 55% in just seven days. What does this reflect? On one hand, it signals institutional entry, and on the other hand, it indicates that market sentiment is heating up. Against the backdrop of Solana’s ecosystem continuing to gain momentum, BONK, as a star token on the chain, has recently performed notably—whether this trend can continue depends on future fundamentals and market dynamics.