Stonk completes more than $1 million STONK buyback; rewards exceed $7.5 million

  • Stonk completed a STONK token buyback valued at more than $1 million.
  • More than $7.5 million in rewards was distributed to StonkFun ecosystem holders.
  • STONK’s market cap briefly exceeded $100 million before falling to $86.55 million.

Stonk has completed a buyback of STONK tokens valued at more than $1 million and distributed more than $7.5 million in rewards to holders in the StonkFun ecosystem. It also said fee revenue had reached about $1.87 million. In an earlier X post, Stonk expressed support for Stonk Token, prompting Solana co-founder Toly to repost it and ask what Stonk Token was. GMGN data showed STONK’s market capitalization (the total market value of its tokens) on Solana briefly surpassed $100 million before retreating to $86.55 million, down 5.46% over one hour.

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