Stonk said in a post on X that it has distributed more than $25 million in rewards to holders in the StonkFun ecosystem so far. Separately, data from GMGN shows that STONK, a token on Solana, reached a new all-time high in market capitalization yesterday and was last reported at $174 million. The token was up more than 20% over the past 24 hours at the time referenced in the update. Odaily also noted that Meme coins can be highly volatile and reminded investors to participate with caution. The update combines the project’s own disclosure on ecosystem rewards with market data tracking the recent move in STONK’s valuation on Solana.
Stonk said in a post on X that it has so far distributed more than $25 million in rewards to holders in the StonkFun ecosystem.
According to GMGN data, STONK, a token on Solana, hit a record market capitalization yesterday and was last reported at $174 million, with a gain of more than 20% over the past 24 hours.
Odaily reminded users that Meme coin prices can be highly volatile and said investors should participate with caution.
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