Stonk announced the completion of over $1 million worth of STONK token buybacks, while distributing over $7.5 million in rewards to StonkFun ecosystem holders. The platform's fee revenue has reached approximately $1.87 million. Previously, Stonk tweeted "Support Stonk Token," which was retweeted by Solana co-founder Toly, who asked "What is Stonk Token." According to GMGN data, the STONK token on Solana briefly exceeded a market cap of $100 million before retreating to $86.55 million, with a 1-hour decline of 5.46%.
Stonk Completes Million-Dollar Token Buyback
Stonk said on X it has finished a buyback of STONK tokens valued at more than $1 million. At the same time, over $7.5 million in rewards has gone out to StonkFun ecosystem holders. So far, Stonk's fee revenue sits at about $1.87 million.
Toly's Retweet Sparks Market Attention
Earlier, Stonk posted on X saying "Support Stonk Token," and Solana co-founder Toly retweeted it with the question "What is Stonk Token." Per GMGN data, STONK's market cap on Solana briefly jumped past $100 million before easing back. It is now at $86.55 million, down 5.46% over the past hour.
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