STONK, the native token of Solana-based launchpad StonkFun, rose more than 250% in 24 hours after StonkFun integrated with Raydium's LaunchLab. The token briefly reached a record $0.212 before trading near $0.16 at about 4:30 p.m. on Sept. 6, with a market capitalization of roughly $140 million and daily volume of about $135 million. StonkFun enables token pairings involving tokenized stocks, exchange-traded funds, cryptocurrencies, currencies and commodities. RAY gained about 46% and Jupiter's JUP rose about 21% during the period. LaunchLab uses a bonding curve before liquidity transfers to Raydium pools, while StonkFun's trading-fee-funded buyback-and-burn program had repurchased and burned 78 tokens.