STONK, a token on Solana, briefly pushed its market capitalization above $300 million, according to GMGN data cited by Odaily. The move marked another record high for the token, which was later quoted at a market cap of $299 million with a 24-hour gain of 33.78%.
Odaily said Stonk allows users to issue meme tokens and pair them with tokenized real-world assets, including tokenized stocks and Pre-IPO stock tokens. The report also noted that Solana co-founder Anatoly Yakovenko had previously reposted a Stonk-related post and asked, "What is Stonk Token?"
Odaily added a risk reminder, saying meme coins can see sharp price swings and that investors should participate with caution. The update was published as a market analysis newsflash.
STONK, a token on Solana, briefly saw its market capitalization rise above $300 million, extending its record high, according to GMGN data cited by Odaily. The token was later quoted at a market cap of $299 million, with a 24-hour gain of 33.78%.
Odaily said Stonk supports users who want to issue meme tokens and allows pairing with tokenized real-world assets, including tokenized stocks and Pre-IPO stock tokens.
The report also said Solana co-founder Anatoly Yakovenko had previously reposted content related to Stonk and asked, "What is Stonk Token?"
Odaily added that meme coins can be highly volatile and reminded investors to take part with caution.
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