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STONK market cap briefly tops $150 million as token gains 449% in 24 hours

  • StonkFun’s STONK token briefly exceeded a $150 million market capitalization.
  • $61.3 million in 24-hour volume accompanied a 449% gain.
  • BlockBeats warned users that the token’s price was highly volatile.

STONK, the platform token of Solana token issuance platform StonkFun, briefly reached a record market capitalization (the value of all circulating tokens) above $150 million on Sept. 6, according to GMGN market data reported by BlockBeats. Its market cap later stood at $140 million, while the token gained 449% over 24 hours and recorded $61.3 million in trading volume. BlockBeats cautioned users that the token’s price was highly volatile and urged them to invest carefully.

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