Solana stock-coin launchpad $STONK surges again: market cap retraces to about $140 million, up more than 2x in 24h
DexScreener live: StonkFun platform token $STONK (contract 6GmA…UNgx) is currently trading at about $0.155, with a market cap of about $137 million. The main pool has about $55 million in 24h volume, with gains of about +210%; during the session it briefly reached around $0.21.
The narrative is that Solana is positioning itself as Robinhood on-chain: StonkFun runs a "stock-coin pairing" launchpad, and its platform token is linked to tokenized SPY; on 9/6 it integrated Raydium LaunchLab (to lower token issuance costs and reduce sniping), and the official team says it has completed about $1 million in $STONK buybacks and distributed more than about $7.5 million in rewards to ecosystem token holders. Odaily says Solana's official account and Toly previously interacted with related posts, and on Twitter it is being watched as a "Solana counterattack stock-coin meme." Volatility is extreme, and it is unrelated to the S&P stock itself or any official entity.
DexScreener live: StonkFun platform token $STONK (contract 6GmA…UNgx) is currently trading at about $0.155, with a market cap of about $137 million. The main pool has about $55 million in 24h volume, with gains of about +210%; during the session it briefly reached around $0.21.
The narrative is that Solana is positioning itself as Robinhood on-chain: StonkFun runs a "stock-coin pairing" launchpad, and its platform token is linked to tokenized SPY; on 9/6 it integrated Raydium LaunchLab (to lower token issuance costs and reduce sniping), and the official team says it has completed about $1 million in $STONK buybacks and distributed more than about $7.5 million in rewards to ecosystem token holders. Odaily says Solana's official account and Toly previously interacted with related posts, and on Twitter it is being watched as a "Solana counterattack stock-coin meme." Volatility is extreme, and it is unrelated to the S&P stock itself or any official entity.
