STONK surges 48% as StonkFun revenue and token burns hit records

  • StonkFun integrated Aave, Avalanche and Near token launches on its platform.
  • STONK rose over 48% in 24 hours and reached $0.36, a new ATH.
  • StonkFun recorded $19.10 million in cumulative revenue and $2.672 billion in volume.

StonkFun's STONK token rose more than 48% in 24 hours and over 73% during the week, reaching a new all-time high of $0.36 at press time and later approaching $0.37. The rally followed increased activity on the Solana launchpad, including new support for token launches paired with Aave Protocol's AAVE, Avalanche's AVAX and Near Protocol's NEAR. Cumulative platform revenue reached an all-time high of $19.10 million after $1.10 million was collected in the previous 24 hours. The revenue supports a buyback-and-burn program, which has used $11.38 million to repurchase STONK and burned more than 10.95 million tokens worth $2.968 million over the past five days. Overall, buybacks and fees paid in STONK worth more than $60 million have destroyed over 169 million tokens. Platform trading volume also reached a record $2.672 billion, with Raydium accounting for more than 64%, or $1.713 billion, while real-world-asset volume neared $1 billion at $766 million. Technically, STONK broke out of a descending trend channel and moved above its previous peak. The MACD showed bullish control, although weakening bars and a Stochastic RSI reading of 95 indicated overbought conditions. A near-term correction may follow a liquidity sweep above the former high. If network activity remains strong, the token could reach a half-billion-dollar valuation; otherwise, it may retreat toward $0.35 or lower.

本网站上的信息是使用AI生成的,我们无法保证其准确性。 请仅作为参考信息使用。
STONK surges 48% as StonkFun revenue and token burns hit records - CoinPost Terminal