According to GMGN data, Solana-based token STONK briefly surpassed a $100 million market cap, surging over 140% in 24 hours before settling at $94.41 million. The token allows users to launch meme coins and pair with tokenized RWAs like tokenized stocks and pre-IPO shares. Odaily warns of high volatility.
GMGN data shows STONK, a token on the Solana blockchain, briefly pushed its market cap past $100 million. Then it cooled off, slipping back to $94.41 million after posting a 24-hour gain of more than 140%.
STONK lets users launch meme coins and match them with tokenized real-world assets (RWAs). That includes tokenized stocks and pre-IPO equity tokens.
Odaily is reminding investors of the obvious but important part: meme coin prices can swing wildly, so caution is advised.
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