BSC-based Stonks briefly tops $19 million market cap

  • Stonks briefly exceeded a $19 million market capitalization on BSC.
  • GMGN showed a 66% 24-hour gain, $14 million market cap and $12.6 million volume.
  • Stonks uses tokenized QQQ as the paired liquidity pool on BNB Chain.

Stonks’ market capitalization on BSC (BNB Smart Chain) briefly exceeded $19 million, setting a record high, before GMGN data showed it at $14 million on Sept. 6. The token gained 66% over 24 hours, while same-period trading volume reached $12.6 million. Its narrative draws on BNB Chain’s "BNB Stonks Szn" campaign, with "Stonks" using a meme-style spelling of "Stocks." The token is paired with tokenized QQQ, the Invesco QQQ Trust that tracks the Nasdaq-100 Index, as a liquidity pool. Stonks previously said it plans to allocate 80% of platform revenue to buy back and burn STONKS. The sharp price movement highlights the risks of trading volatile meme coins.

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BSC-based Stonks briefly tops $19 million market cap - CoinPost Terminal