Shredder

Most people still see $STONK as another Solana launchpad. That’s a massive mispricing of what StonkFun is actually building. Look at the numbers: • 196K+ indexed tokens • 5.1K+ graduations • 145K+ Reward Mode launches • $42.49M in cumulative fees • $37.16M in protocol revenue • $22.18M in on-chain STONK buybacks • 22.1% of the initial STONK supply burned But the real story is the infrastructure. StonkFun became Raydium LaunchLab’s first live custom-pair integration. It brought permissionless launches against tokenized stocks, ETFs, crypto assets and other quote assets. It built Reward Coins, Community Mode, Standard V2 and CLMM launches, automated holder rewards and an ecosystem flywheel that has already bought and burned $1.13M across 141 different tokens. It even introduced Feed, a public community-driven build loop. In September, its launches generated $921M on bonding curves + $1.89B on graduated Raydium pools. That’s $2.81B in combined trading volume in ONE month. And from Sept 1 to Oct 11, stock-paired memecoins generated $1.76B in Solana DEX volume, with roughly 80% attributed to StonkFun by Blockworks. Now look at valuation: $STONK: ~$98M market cap. $PUMP: ~$1.91B market cap. Yet their 30-day revenues are ~$4.65M vs ~$40.73M. A ~19.5x valuation gap against an ~8.8x revenue gap. Yes, revenue has cooled. Yes, Pump has copied custom pairs and competition is fierce. But StonkFun has already demonstrated something most launchpads haven’t: It can create new markets, attract liquidity, monetize activity and distribute value back into its ecosystem. This isn’t just a memecoin narrative anymore. It’s launchpad infrastructure meeting tokenized finance, with an actual on-chain business model. The market needs to look beyond the ticker. $STONK deserves serious attention.