🚨 STONK surges 13,000%！A 27% drop gets wiped out—how?

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Recently, STONK has once again pulled market attention back in.
This StonkFun native token saw a drawdown of about 27% earlier on, but then quickly rebounded, hitting new highs around September 20; the price even briefly touched $0.37.
Even more astonishing: based on the early price, STONK’s cumulative gains have already exceeded 13,000%, with most of the rally concentrated in September.

But what’s really worth looking at isn’t just how much it’s gone up.
There’s a fairly special mechanism behind STONK: some of the fees generated by the platform are used to buy back STONK, along with token burns.
In other words, what the market is trading right now isn’t just a Meme narrative—it’s also the revenue-generating ability of the StonkFun platform itself.

According to the article’s data, StonkFun’s single-day revenue exceeded $1.1 million on September 20, and about $660,000 of that was used for STONK buybacks.
That’s one of the key logics behind STONK’s ability to quickly repair the earlier drawdown.
But here’s a critical question:

Can buybacks be sustained?
Because STONK’s value depends largely on StonkFun’s trading volume and fee income.
If the platform continues to maintain high activity, fee revenue and buyback scale can stay strong—then the buyback mechanism can keep creating demand for the token.
But if trading momentum fades and platform revenue drops, buyback pressure may decline at the same time.
And that’s exactly STONK’s biggest risk right now.

Also, STONK’s liquidity is still relatively limited; some trading relies on liquidity pools in the Solana ecosystem such as Meteora and Orca.
In that situation, big buyers can push the price up quickly, and large sellers can just as easily cause sharp volatility.

So what’s truly worth watching with STONK this time isn’t “how much more it can rise,” but:
Can StonkFun’s revenue keep growing?
Can the buyback keep going?
And can the platform maintain on-chain activity after competitors keep entering—like PumpFun, Robinhood, and others?

Memes are just the surface. What may truly determine STONK’s next performance is whether the platform behind it can keep making money.

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