$STONK This market move is quite strong. The market cap once surged to around $250 million and set a new all-time high. Even though the recent period has been choppy with the overall sector, on-chain discussion and capital attention have remained far from low. Break down the support logic behind this round of action into four main points:
1) RWA + Meme dual-narrative overlay. The project has received strong support within the Solana ecosystem. Meme’s ability to spread through explosive “viral” propagation, combined with RWA’s room for imagination, makes the story naturally attractive to incremental capital.
2) Ongoing buybacks and token burn are the most solid part. The protocol’s daily revenue exceeds $1 million, with 60% directly used for buybacks and burns—meaning there is a daily rigid buy pressure, while circulating supply continues to contract.
3) Big whales and KOLs adding positions in sync. Recent on-chain data shows that large-holder addresses and opinion leaders have continued to accumulate. Liquidity and holdings are becoming more concentrated, creating a dual resonance of both sentiment and capital toward price.
4) Expectations for a partnership with xStocks. With xStocks backed by Kraken, if the cooperation materializes, it effectively adds a key entry point for real-world assets to be tokenized on-chain—making the “RWA narrative” implementation logic run more smoothly.
Current price is around $0.21, down somewhat from the peak. However, 24-hour trading volume is still above $110 million, and there are still buyers absorbing the dip. The three-layer logic—narrative, deflationary pressure, and capital—has not broken. That said, the upside has accumulated a lot already, so volatility will be very intense. It’s recommended to scale in on pullbacks in batches and strictly control position sizing.
#STONK #RWA #Meme
1) RWA + Meme dual-narrative overlay. The project has received strong support within the Solana ecosystem. Meme’s ability to spread through explosive “viral” propagation, combined with RWA’s room for imagination, makes the story naturally attractive to incremental capital.
2) Ongoing buybacks and token burn are the most solid part. The protocol’s daily revenue exceeds $1 million, with 60% directly used for buybacks and burns—meaning there is a daily rigid buy pressure, while circulating supply continues to contract.
3) Big whales and KOLs adding positions in sync. Recent on-chain data shows that large-holder addresses and opinion leaders have continued to accumulate. Liquidity and holdings are becoming more concentrated, creating a dual resonance of both sentiment and capital toward price.
4) Expectations for a partnership with xStocks. With xStocks backed by Kraken, if the cooperation materializes, it effectively adds a key entry point for real-world assets to be tokenized on-chain—making the “RWA narrative” implementation logic run more smoothly.
Current price is around $0.21, down somewhat from the peak. However, 24-hour trading volume is still above $110 million, and there are still buyers absorbing the dip. The three-layer logic—narrative, deflationary pressure, and capital—has not broken. That said, the upside has accumulated a lot already, so volatility will be very intense. It’s recommended to scale in on pullbacks in batches and strictly control position sizing.
#STONK #RWA #Meme