StonkFun [STONK] experienced a 24-hour price rally of over 48%, extending its weekly gains past 73% and reaching a new all-time high of $0.36. The upward movement followed increased activity on the Solana-based launchpad and the integration of major altcoins.
Recently, StonkFun integrated token launches for Aave Protocol [AAVE], Avalanche [AVAX], and Near Protocol [NEAR], allowing developers to launch tokens paired with these assets. This expansion contributed to a cumulative revenue milestone of $19.10 million, with $1.10 million collected in a 24-hour period.
Platform revenue supports a buyback and burn program. Of the total revenue, $11.38 million has been utilized for token buybacks. Over a recent five-day period, the program burned more than 10.95 million STONK tokens valued at $2.968 million. In total, buybacks and fees paid in STONK have destroyed more than 169 million tokens.
Trading metrics on the launchpad also reached new peaks, with total volume hitting $2.672 billion across all avenues. Raydium [RAY] accounted for more than 64% of that volume at $1.713 billion, while real-world asset volume reached $766 million.
On the charts, STONK broke out of a descending trend channel to surpass its previous price peak. Technical indicators show the MACD signaling bullish control, though reduced bullish strength and an overbought Stochastic RSI at 95 suggest potential for a future correction toward $0.35 or lower.
