Stonk Completes Over $1M STONK Token Buyback, Distributes $7.5M in Rewards

KuCoinFlash

Release Time: 2026/09/06 04:03:04

SOL

$100.09-3.75%

Summary

Stonk announces a $1M STONK token buyback, with $7.5M in rewards already distributed to StonkFun holders. Fee revenue reached $1.87M. The STONK token, part of recent token launch news, briefly peaked at a $100M market cap before dropping to $86.55M, a 5.46% decline in one hour. New token listings on Solana continue to attract attention as the project progresses.

Odaily Planet Daily reports that Stonk posted on X stating that they have completed a STONK token buyback worth over $1 million, and more than $7.5 million in rewards have been distributed to holders within the StonkFun ecosystem. To date, Stonk’s fee revenue has reached approximately $1.87 million. Previously, Stonk posted on X saying “Support Stonk Token,” after which Solana co-founder Toly retweeted it with the comment, “What is Stonk Token?”

According to GMGN data, the Solana-based token STONK briefly surpassed a $100 million market cap before retracing, currently trading at $86.55 million, down 5.46% in the past hour.

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