STONK, a token tied to the StonkFun platform on the Solana network, surged more than 250% over 24 hours at its peak on Sept. 6, 2026, after the project integrated with Raydium LaunchLab’s infrastructure. The rally highlighted rising interest in a model that links memecoins with tokenized assets.

STONK’s market capitalization was estimated at about $140 million at the peak, according to CoinMarketCap. The token later gave up part of its gains and was trading at about $0.129 at the time of writing, with a market capitalization of roughly $113.2 million and 24-hour trading volume of $105.4 million.

StonkFun is a launchpad in the Solana ecosystem that allows users to create tokens and establish trading pairs with other assets, including tokenized stocks and exchange-traded funds.

STONK, for example, trades against SPYx, a Backed product that tracks the S&P 500 through the SPDR S&P 500 ETF. The trading pair does not give STONK holders rights to the underlying securities.

LaunchLab integration helps drive rally

StonkFun’s integration with Raydium LaunchLab was one of the main catalysts for the rally. The team announced on X that new tokens would launch through LaunchLab’s infrastructure.

According to the developers, the integration should lower asset deployment costs, reduce sniping risks and improve the liquidity model after completion of the bonding curve.

Other assets linked to the Solana ecosystem also rose on Sept. 6. RAY, Raydium’s token, jumped about 46%, while JUP, the token of the Jupiter aggregator, gained roughly 21%. StonkFun received additional attention after Solana’s official account previously backed the Stonk Tokens concept on X.

The platform’s economic model also contributed to interest in STONK. StonkFun allocates a portion of its trading fees to token buybacks and burns.

The team said in recent posts that cumulative STONK buybacks had exceeded $1 million. On Sept. 6, the platform also reported about $1.5 million in daily revenue, with roughly $904,500 allocated to reducing the token’s supply.

Robinhood Chain tokens show similar volatility

Robinhood Chain previously saw similar speculative interest in projects combining memecoins and tokenized assets. One example was PONS, the token of a launchpad with the same name. The asset gained more than 360% over seven days and exceeded a $500 million market capitalization, according to an earlier report. It later remained the top weekly gainer among assets tracked by CoinMarketCap, with an increase of about 181%.

Some memecoins recorded even sharper moves. Amid a dispute between AMC Chief Executive Adam Aron and Robinhood over tokenized shares, an asset linked to the story, MEME, appeared on the network. Its fully diluted valuation rose by more than 206,000% in one day, reaching $131.7 million at the time.

Interest in Money Mushroom, or JINQIAN, also coincided with a rise of more than 320% in Nasdaq-listed shares of Farmmi. However, there is no direct financial or technical link between the memecoin and the company’s shares.

The broader rally accompanied increased activity on Robinhood Chain. The network’s daily decentralized-exchange volume exceeded $1.55 billion on Sept. 1, while real-world-asset trading volume reached a record $390 million. DEX volume then climbed above $1.72 billion on Sept. 4.

Source: Incrypted