Large holder sells off; end of the coin stock meme era? Solana coin stock meme launcher STONK plunges over 30% in one night. @ImBrentJames, a STONK whale with 12,000 followers on FOMO, liquidated his entire STONK position, incurring a $775,000 loss. ImBrentJames originally purchased STONK for $1.229 million at an average market cap of $169 million, but ultimately exited with a 63% loss. On one hand, the coin stock meme trend is cooling—both STONK and PONS are struggling, with buyback volumes sharply declining. On the other hand, a new contender has emerged in the Solana Launchpad space, intensifying competition, as some investors shift from STONK to FLOAT.
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