DFDV cooperates with BONK and increases its stake in SOL, with its share price soaring to a record high
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Odaily Planet News: Nasdaq-listed DeFi Development Corp. (DFDV) saw its stock price surge significantly on May 16, with intraday gains reaching up to 30%, hitting a historic high. The main reasons for the stock price increase include the company's announcement of a partnership with the Solana ecosystem's memecoin community BONK, and increased holdings of SOL tokens. According to the collaboration, DeFi Development Corp. will jointly manage a Solana validator node with BONK, share staking rewards, and integrate BONK's liquidity staking token BONKSOL. The day before announcing the partnership, DeFi Development Corp. purchased 16,447 SOL, bringing its total holdings to 609,190 SOL, valued at approximately $107 million at current prices. (CoinDesk)
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