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2 clusters · 5 sources · 4 days · First seen · Last updated

STONK token and StonkFun market activity

Overview

The STONK token, associated with the Solana-based launchpad StonkFun, experienced significant growth following the integration of Raydium’s LaunchLab. This technical upgrade reduced deployment costs by approximately 90%, facilitating permissionless deployments and mitigating sniper bots. During this period, the token reached an all-time high of $0.2493, supported by platform revenue and $STONK buybacks.

Following this growth, STONK saw substantial whale accumulation, including a single $4.4 million USDC purchase of 15.06 million tokens. This activity occurred alongside reports of rising StonkFun revenue, which reached approximately $1.84 million daily, surpassing the revenue of competitor Pump.fun. Analysts noted that the revenue gap between the two platforms could provide a basis for a potential repricing narrative due to STONK’s smaller market valuation.

Entities

STONK · StonkFun · Solana · Pump.fun · Raydium

Timeline

  1. 3 days ago

    [BUSINESS] 2 sources
    STONK crypto sees $4.4M whale buy amid rising StonkFun revenue

    A whale recently purchased $4.4 million in STONK crypto, while StonkFun's daily revenue of $1.84 million has surpassed Pump.fun, fueling discussions regarding token repricing.

  2. 6 days ago

    [TECHNOLOGY] 3 sources
    STONK token rises following StonkFun and Raydium integration

    The STONK token has seen massive growth following StonkFun's integration of Raydium's LaunchLab, which reduced deployment costs by 90% on the Solana blockchain.

Sources

ambcrypto.com · bitcoinethereumnews.com · coinedition.com · detlionblood32.wordpress.com · nulltx.com