StonkFun is putting fresh pressure on Solana’s launchpad competition. Since its August 23 launch, the platform has burned more than $40 million worth of STONK at the current value, wiping out 14.4% of total supply forever.
The launchpad lets users create coins pairs with stocks, commodities, currencies, memes, leveraged assets and more. Powered by Raydium, StonkFun also lets users trade, create, reward holders, or earn within its ecosystem.
StonkFun Burns $40M While Rewards Top $30M
The supply reduction isn’t the only number getting attention. More than $30 million in rewards have now been distributed to StonkFun ecosystem holders, giving holders another direct incentive tied to platform activity.
That comes as StonkFun has emerged as a trending Solana-based token launchpad, supporting crypto assets paired against tokenized real-world equities such as S&P 500 ETFs alongside memes.
The combination of supply burns, rewards and ecosystem activity has helped STONK crypto gain attention, while its market capitalization has moved above $250 million.
STONK Revenue Surges Past PONS For Two Days
Liquidity and visibility also increased after STONK was officially listed on global crypto exchanges such as HTX.
More importantly, StonkFun has now slipped Robinhood Chain-based launchpad PONS in daily revenue for two consecutive days. StonkFun recorded $1.355 million in fees compared with $1.21 million for PONS.
The gap isn’t enormous, but the shift matters. It suggests Solana is regaining some ground on the memecoin launchpad race.
STONK Price Tests Channel Resistance Near $0.32
The price chart adds another layer. On the four-hour timeframe, STONK remains in an ascending trend while testing the upper boundary of its channel
A clean flip above $0.32 could extend the rally and put further pressure on resistance. But if $0.32 holds, the setup changes quickly.
In that case, the STONK price could retreat toward $0.20 or potentially lower. For now, the $0.32 level is the key test, while the token burn, holder rewards and rising fees keep the StonkFun story firmly in focus.
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