PANews reported on June 16 that Memestech, a Hong Kong-listed company, announced that it had purchased 2,440 Solana (SOL) in the open market, with a transaction amount of approximately HK$2.9075 million, and the funds came from the company's internal resources. The announcement stated that Solana has the key value of decentralized applications, DeFi infrastructure and Web3 innovation. Previously, the company has changed its name to "MEMESTRATEGY (Memestech)", and the stock code remains "2440", reflecting that its strategic focus is tilting towards the fields of encryption and Web3. After the announcement, Memestech (HK2440) stock price rose by about 21%, now at HK$2.42 per share.
As previously reported, 9GAG Lianchuang announced the completion of the acquisition of Hong Kong-listed company Haoliang Technology Holdings, and plans to change its name to MemeStrategy and allocate Bitcoin .



Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more