{"version":1,"id":"stonk","title":"STONK","summary":"STONK is a Solana-based utility token for StonkFun, a launchpad whose fees fund STONK buyback-and-burns.","content":"**STONK** is the native [utility token](https://iq.wiki/wiki/utility-token) of StonkFun, a token-launch platform, or \"launchpad,\" built on the [Solana](https://iq.wiki/wiki/solana) [blockchain](https://iq.wiki/wiki/blockchain) that lets creators issue new tokens paired directly against tokenized [real-world assets](https://iq.wiki/wiki/real-world-assets-rwas) rather than against the network's usual quote currencies.[[1]](#cite-id-jwmxdkz6x7) Whereas most [Solana](https://iq.wiki/wiki/solana) launchpads price a new coin against SOL or a [stablecoin](https://iq.wiki/wiki/stablecoin), StonkFun quotes it against a tokenized equity — an \"xStock\" such as SPYx (which tracks the SPDR S\\&P 500 ETF) or NVDAx — a design its documentation frames as blending [memecoin](https://iq.wiki/wiki/memecoins) culture with exposure to traditional financial assets.[[2]](#cite-id-ueefxvh7ut)​[[1]](#cite-id-jwmxdkz6x7) The project was established in 2026 and is tagged across [DeFi](https://iq.wiki/wiki/defi), real-world assets (RWA), and launchpad categories.[[3]](#cite-id-xl03zatb4p)​\n\n## Overview\n\nStonkFun is a Solana-based launchpad on which anyone can create fixed-supply on-chain tokens and select the asset the new token will trade against.[[4]](#cite-id-ux7llidzum) The platform's tagline is \"Launch coins paired with anything,\" and supported quote assets include memes, stocks, currencies, commodities, leveraged assets, and other tokens.[[3]](#cite-id-xl03zatb4p)[[5]](#cite-id-t05agelb72) Its defining feature is the ability to pair a newly launched coin against tokenized-equity assets — xStocks that track companies such as Nike or indices such as the S&P 500 — which distinguishes it from launchpads that pair new tokens solely with SOL or [stablecoins](https://iq.wiki/wiki/stablecoin).[[1]](#cite-id-jwmxdkz6x7) The tokenized equities are supplied by Backed Finance, whose xStocks technology StonkFun uses alongside [Solana](https://iq.wiki/wiki/solana) and [Raydium](https://iq.wiki/wiki/raydium)'s pools.[[2]](#cite-id-ueefxvh7ut)\n\nEach launch follows a standardized flow. A creator issues a fixed-supply token, sets its name (up to 32 characters), symbol (up to 10 characters), image, and optional project links, and chooses the quote asset it will trade against; choosing a quote asset does not give the new token ownership of that underlying asset.[[4]](#cite-id-ux7llidzum) Trading begins on a [bonding curve](https://iq.wiki/wiki/bonding-curve) — a pricing mechanism where the token's price rises with supply sold and no upfront liquidity is required — and once a launch raises 85 SOL it automatically migrates into a [Raydium](https://iq.wiki/wiki/raydium) [liquidity pool](https://iq.wiki/wiki/liquidity-pool).[[4]](#cite-id-ux7llidzum) The launch mode determines the fee structure: standard launches use the standard pool model, while reward-token launches can apply a permanently selected transfer tax that distributes rewards to a token's holders in the paired quote asset, creating a layered rewards ecosystem.[[4]](#cite-id-ux7llidzum)[[1]](#cite-id-jwmxdkz6x7) StonkFun's markets trade through Raydium concentrated-liquidity positions, and the deployment fee under its Raydium LaunchLab flow is roughly 0.03 SOL.[[6]](#cite-id-ur9kvttug)[[4]](#cite-id-ux7llidzum)\n\nSTONK is itself a token launched through StonkFun, recorded as a standard-mode Raydium launch, meaning the reward-token transfer-tax mechanics do not apply to it.[[4]](#cite-id-ux7llidzum) It is distinct from the individual coins created on the platform, functioning instead as the ecosystem's native asset connected to the platform's revenue model.[[6]](#cite-id-ur9kvttug) Because of its name and branding it is often labelled a \"meme\" coin, though observers have argued it is more accurately described as a [Solana](https://iq.wiki/wiki/solana) ecosystem token with meme-oriented branding, given its utility component.[[6]](#cite-id-ur9kvttug)\n\n## Token Supply and Contract\n\nAt mint, one billion STONK were created, and the mint and freeze authorities were set to null from the start, meaning no further tokens can ever be issued and no balances can be frozen.[\\[2\\]](#cite-id-ueefxvh7ut)​[\\[4\\]](#cite-id-ux7llidzum) On-chain analysis cited by [BingX](https://iq.wiki/wiki/bingx) (from Bitquery) shows the full one billion supply was placed into two one-sided [Raydium](https://iq.wiki/wiki/raydium) liquidity positions holding 950,000,000 and 50,000,000 tokens respectively, with no separate team, investor, treasury, or community allocation confirmed from launch data and no scheduled unlocks identified.[\\[4\\]](#cite-id-ux7llidzum) The token's contract address on [Solana](https://iq.wiki/wiki/solana) is 6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx, and it is supported by Solana self-custody wallets including [Phantom](https://iq.wiki/wiki/phantom-wallet), [Solflare](https://iq.wiki/wiki/solflare), and [Backpack](https://iq.wiki/wiki/backpack).[\\[4\\]](#cite-id-ux7llidzum)​[\\[6\\]](#cite-id-ur9kvttug)​\n\nBecause mint authority was permanently revoked, STONK's supply can only fall over time as tokens are burned.[\\[2\\]](#cite-id-ueefxvh7ut) A hard on-chain read of 897,727,001.74 tokens at slot 442,591,115 (29 August 2026, 11:06 UTC) implied roughly 102.3 million STONK burned — about 10.2% of the original billion — while feed estimates put the burned figure near 130 million (about 13%) by 8 September 2026.[\\[2\\]](#cite-id-ueefxvh7ut) With roughly 88–90% of supply circulating and deflating and no vesting cliff, the token's [market capitalization](https://iq.wiki/wiki/market-capitalization) is approximately equal to its fully diluted valuation.[\\[2\\]](#cite-id-ueefxvh7ut) Analysts have cautioned that on-chain supply data can differ from third-party trackers at any given moment as burns continue, making the verified contract the reliable reference.[\\[6\\]](#cite-id-ur9kvttug)​\n\n## Revenue Model and Buyback-and-Burn\n\nSTONK's central economic mechanism is a revenue-funded buyback-and-burn. StonkFun automatically claims the [trading fees](https://iq.wiki/wiki/trading-fee) generated on the locked liquidity behind each launch and, per its stated policy, uses approximately 60% of that revenue to buy STONK on the open market and permanently burn it, retaining the remaining roughly 40%.[\\[2\\]](#cite-id-ueefxvh7ut)​[\\[4\\]](#cite-id-ux7llidzum) CMC AI describes the source as a portion of the 1% trading fee charged on every token launched.[\\[1\\]](#cite-id-jwmxdkz6x7) Under the LaunchLab architecture, fees are harvested through [Raydium](https://iq.wiki/wiki/raydium)'s Burn-&-Earn program and the buybacks are executed as swaps on the [Jupiter](https://iq.wiki/wiki/jupiter) aggregator.[\\[2\\]](#cite-id-ueefxvh7ut) The mechanism reduces token supply but, as multiple write-ups note, does not guarantee price appreciation, since demand, liquidity, and overall market conditions all bear on valuation.[\\[6\\]](#cite-id-ur9kvttug)​\n\nThe platform reports its economics publicly. In the week of 21–28 August 2026 STONK closed up 88.3%, and on 1 September 2026 StonkFun reported $131,343 of revenue and 3.05 million STONK burned in a single day.[\\[2\\]](#cite-id-ueefxvh7ut) Its pre-integration business had a run-rate of roughly $12.25 million annualized, with about $1.21 million in cumulative revenue against $705,000 burned, a ratio of about 58%.[\\[2\\]](#cite-id-ueefxvh7ut) A widely reported figure put cumulative buyback volume above $1 million.[\\[7\\]](#cite-id-w9u72xkgbz) For 9 September 2026 the StonkFun team reported daily revenue of $1,355,566, buybacks of $814,028, and 4.55 million tokens burned.[\\[5\\]](#cite-id-t05agelb72)​\n\nBeyond the STONK buyback, StonkFun operates two related mechanisms. An \"Ecosystem Flywheel\" recycles a share of pool fees into buying and burning the platform's top-ten tokens, and a Rewards system pays a launched token's holders in whatever quote asset the token is paired against.[\\[2\\]](#cite-id-ueefxvh7ut) The team has reported ecosystem-wide distributions in the paired assets — over $5,000,000 of ZEC distributed to holders of the $ZCAT token, and over $1,000,000 in HYPE distributed to holders of StonkFun coins paired with $HYPE — and stated that it would distribute dividends to every token holder across its ecosystem.[\\[5\\]](#cite-id-t05agelb72)​\n\n## Raydium LaunchLab Integration\n\nOn 6 September 2026 StonkFun became the first partner to bring custom-quote-token launches live on [Raydium](https://iq.wiki/wiki/raydium)'s LaunchLab, an infrastructure layer for permissionless token deployment that supports [bonding curves](https://iq.wiki/wiki/bonding-curve), CPMM pools, and configurable fee settings.[\\[2\\]](#cite-id-ueefxvh7ut)​[\\[4\\]](#cite-id-ux7llidzum) The team announced on X that new tokens would be launched through LaunchLab's infrastructure, and said the change should lower asset-deployment costs, reduce sniping risk, and improve the liquidity model after the bonding curve completes.[\\[7\\]](#cite-id-w9u72xkgbz)​[\\[8\\]](#cite-id-ofnt51juf2) Under the new model, a launch runs first on a bonding curve, after which a migrate\\_to\\_cpswap step seeds a Raydium CPMM pool at the 0.25% fee tier.[\\[2\\]](#cite-id-ueefxvh7ut) The integration cut the deployment cost by roughly 90%, from 0.29 SOL to 0.03 SOL.[\\[2\\]](#cite-id-ueefxvh7ut)​\n\nThe integration was a catalyst for a sharp rally: on 6 September 2026 STONK's daily gain topped 250%, and the platform recorded approximately $1.5 million of revenue in a single day, of which about $904,500 (reported elsewhere as \\~$905,000) was allocated to buybacks and burns.[\\[7\\]](#cite-id-w9u72xkgbz)​[\\[2\\]](#cite-id-ueefxvh7ut) The Fintrender report characterized this single day as about nine times the platform's pre-integration revenue base.[\\[2\\]](#cite-id-ueefxvh7ut) Ecosystem tokens reacted on the same day, with Raydium's RAY rising about 46% and [Jupiter](https://iq.wiki/wiki/jupiter)'s JUP gaining roughly 21%.[\\[8\\]](#cite-id-ofnt51juf2) The announcement was amplified by [Solana](https://iq.wiki/wiki/solana)'s official X account, which had previously endorsed the Stonk Tokens concept.[\\[7\\]](#cite-id-w9u72xkgbz) By 7 September 2026, xStocks quoted about 42% of new StonkFun launches, against roughly 10.5% quoted against plain SOL at the launch layer.[\\[2\\]](#cite-id-ueefxvh7ut)​\n\nCoverage of the rally placed STONK within a broader speculative trend combining [memecoins](https://iq.wiki/wiki/memecoins) with tokenized assets, drawing comparisons to activity on the [Robinhood Chain](https://iq.wiki/wiki/robinhood-chain) — where the PONS token was reported to have gained more than 360% in seven days with a market cap above $500 million; where [MEME](https://iq.wiki/wiki/memecoin-meme), tied to an AMC CEO Adam Aron–Robinhood dispute, saw its fully diluted valuation jump more than 206,000% in a day; and where hype around the Money Mushroom (JINQIAN) memecoin coincided with a surge of more than 320% in Farmmi shares on Nasdaq, with no direct financial or technical link between the coin and the company.[\\[7\\]](#cite-id-w9u72xkgbz)​\n\n## Governance and Operation\n\nSTONK is not a [governance token](https://iq.wiki/wiki/governance-tokens) and carries no fee-share, no yield, no vote, and no utility requirement; there is no [DAO](https://iq.wiki/wiki/dao) and no on-chain token vote.[\\[2\\]](#cite-id-ueefxvh7ut) The platform is run by a pseudonymous operator identified as , whose X account was created in June 2023 and which introduced stonkfun.xyz publicly through a pinned post dated 23 August.[\\[2\\]](#cite-id-ueefxvh7ut)​[\\[5\\]](#cite-id-t05agelb72) Because the buyback allocation is a stated policy — described as \"approximately 60%\" on a webpage rather than an enforceable on-chain right — the operator can change the rate, the fee split, the use of the retained roughly 40%, or halt the program entirely without breaching any enforceable promise.[\\[2\\]](#cite-id-ueefxvh7ut) The Fintrender report described the team as one \"nobody has named\" and the platform's record as barely two months old at publication.[\\[2\\]](#cite-id-ueefxvh7ut)​\n\n## Trading and Availability\n\nSTONK graduated from its [bonding curve](https://iq.wiki/wiki/bonding-curve) to [Raydium](https://iq.wiki/wiki/raydium) as of 7 September 2026 and was recorded as a standard-mode Raydium launch.[\\[4\\]](#cite-id-ux7llidzum) It can be traded on both decentralized and centralized venues; [CoinGecko](https://iq.wiki/wiki/coingecko) names [Meteora](https://iq.wiki/wiki/meteora) as the most popular exchange for the token, with the most active pair being STONK/WSOL, and lists Raydium (CLMM) and [LBank](https://iq.wiki/wiki/lbank) among other venues.[\\[9\\]](#cite-id-zzvhcy8107) The exchange [BingX](https://iq.wiki/wiki/bingx) lists STONK for both spot trading and STONK-USDT perpetual futures, with the latter allowing leveraged positions that magnify both gains and losses and introduce [liquidation](https://iq.wiki/wiki/liquidation) risk.[\\[4\\]](#cite-id-ux7llidzum) CoinGecko and [CoinMarketCap](https://iq.wiki/wiki/coinmarketcap) both track the token within the Solana ecosystem, with CoinGecko categorizing it under the launchpad category and providing Solscan as a [blockchain](https://iq.wiki/wiki/blockchain) explorer.[\\[9\\]](#cite-id-zzvhcy8107)​[\\[6\\]](#cite-id-ur9kvttug)​","categories":[{"id":"cryptoassets","title":"cryptoassets"}],"tags":[{"id":"Token"},{"id":"UtilityToken"},{"id":"Solana"}],"images":[{"id":"QmZNoxbmkuzqfKserSZVSzLDq4ZZ2RfL5WLd8DD2FcHVd6","type":"image/jpeg, image/png"}],"media":[{"id":"QmQSLAKCyMvjFmCbS911HLjzNR3raVdKeVtCDFfJgMNF82","name":"Cópia de Design sem nome (9).png","source":"IPFS_IMG","thumbnail":"QmQSLAKCyMvjFmCbS911HLjzNR3raVdKeVtCDFfJgMNF82","caption":""}],"metadata":[{"id":"rootdata_profile","value":"https://www.rootdata.com/Projects/detail/Stonk?k=MjU3MTI="},{"id":"website","value":"https://www.stonkfun.xyz/"},{"id":"twitter_profile","value":"https://x.com/launchonsf"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/stonk-3"},{"id":"references","value":"[{\"id\":\"jwmxdkz6x7\",\"url\":\"https://coinmarketcap.com/cmc-ai/stonk-fun/what-is/\",\"description\":\"CMC AI on STONK as native token of StonkFun\",\"timestamp\":1789097086078},{\"id\":\"ueefxvh7ut\",\"url\":\"https://fintrender.com/en/reports/a-case-for-stonk\",\"description\":\"Fintrender on StonkFun pairing coins against xStocks\",\"timestamp\":1789097086078},{\"id\":\"xl03zatb4p\",\"url\":\"https://www.rootdata.com/projects/detail/Stonk?k=MjU3MTI%3D\",\"description\":\"RootData project profile for Stonk\",\"timestamp\":1789097086078},{\"id\":\"ux7llidzum\",\"url\":\"https://bingx.com/en/learn/article/what-is-stonkfun-stonk-onchain-stock-trading-platform-and-how-does-stonkfun-work\",\"description\":\"BingX on STONK supply and absence of vesting\",\"timestamp\":1789097086078},{\"id\":\"t05agelb72\",\"url\":\"https://x.com/LaunchOnSF\",\"description\":\"Stonk X account tagline and pinned post\",\"timestamp\":1789097086078},{\"id\":\"ur9kvttug\",\"url\":\"https://www.bitrue.com/blog/what-is-stonk-token-stonkfun-utility\",\"description\":\"Bitrue on Raydium concentrated liquidity\",\"timestamp\":1789097086078},{\"id\":\"w9u72xkgbz\",\"url\":\"https://incrypted.com/en/stonk-surged-250-after-stonkfun-integrated-with-raydium/\",\"description\":\"Incrypted on cumulative buyback exceeding $1 million\",\"timestamp\":1789097086078},{\"id\":\"ofnt51juf2\",\"url\":\"https://www.htx.com/en-in/news/stonk-surges-250-following-stonkfuns-integration-with-raydiu-XEchNAEz/\",\"description\":\"HTX on developer claims for LaunchLab integration\",\"timestamp\":1789097086078},{\"id\":\"zzvhcy8107\",\"url\":\"https://www.coingecko.com/en/coins/stonk-2\",\"description\":\"CoinGecko on trading venues and pairs\",\"timestamp\":1789097086078}]"},{"id":"previous_cid","value":"QmepxumTAoEHHiFMx6xVbtudaJG1TapKo1dct7jNGkSBFj"},{"id":"commit-message","value":"Update STONK wiki: shorten summary, trim 469 words, adjust tags"},{"id":"previous_cid","value":"QmepxumTAoEHHiFMx6xVbtudaJG1TapKo1dct7jNGkSBFj"}],"events":[{"type":"CREATED","title":"STONK launch (minted & Raydium pool 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