$STONK
STONKThe flag over StonkFun's hill: every launch on the platform feeds it, and every allegation about the platform lands on it.
STONK is the platform token of StonkFun, a Solana launchpad where a new coin can be paired with almost anything: SOL, a tokenized stock, gold, or another memecoin. StonkFun says about 60% of its revenue buys STONK on the open market and burns it, and the rest is retained.
By StonkFun's own count the platform has taken in $27.6 million in revenue and spent $16.5 million of it buying STONK back. In late September it out-earned pump.fun's launchpad for five straight days, drew a wave of allegations about where holder rewards went, and briefly lost its X account. Our dispatch The launchpad war, by the numbers checks those claims against the chain.
On the chain now
free data from JupiterWho launched it
On the record
each fact links to its sourceThe log
newest first- DISPATCHSep 27, 2026, 10:15 PM ET
- DISPATCHSep 27, 2026, 6:40 PM ET
- NOTESep 27, 2026
StonkFun's X account, @LaunchOnSF, is suspended in the afternoon and back online by night. Neither X nor StonkFun has said why.
- NOTESep 22, 2026
Bitquery checks the fee-wallet thread: $56.3M sold, $56.2M paid back to holders, a 1% or 3% tax, and $1.41M in reward payments outside the payout ledger to wallets it ties to the creator and treasury.
- NOTESep 21, 2026
StonkFun out-earns pump.fun's launchpad and PumpSwap together, $1.81M to $1.73M. STONK peaks the same day, as a thread alleges its fee wallet sold $50M of the ecosystem's tokens.
- NOTEJul 23, 2026, 3:06 PM ET
STONK's first pool opens, paired with SPYx.
Know something about $STONK, or named here and want to reply? DM @trenchbookapp on X.
Trenchbook it before you ape.