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Narrative / Rank 19 / Week of Sep 28 – Oct 4 / Back after a break

Traders Defend $STONK Pullback Citing StonkFun Platform Revenue and Daily Buybacks

By NSA Intelligence · Report published

steady$STONK
Peak / day13tracked accounts
Peak dayTueSep 29 · busiest day in the panel
Rest of X / peak day113distinct accounts outside the panel
Cited claims41 dropped by automated checks
Market · $STONK-18.6%7-day price · rank #226

Attention

Who was talking, day by day

Sep 28 – Oct 4 UTC
Tracked paneldistinct tracked accounts / day
5
10
9
8
6
6
13
Rest of Xdistinct other accounts / day
97
113
113
88
83
75
78

What happened

Tracked accounts identified a price dip and argued $STONK was setting up for a reversal. StonkFun reported $619,406 in revenue, $372,629 in buybacks, and 1.54M tokens burned for September 28. Persolana claimed the protocol executes roughly half a million dollars in buybacks daily.

+ 1 more in the evidence register ↓

Why it matters

Community participants are testing whether protocol-driven fee generation and aggressive token burns can create an effective price floor against broader memecoin market weakness. As competition among Solana launch platforms intensifies, holding interest depends heavily on whether these platform revenue statistics translate into sustained token demand.

Observed reaction

Bullish among tracked holders who are actively buying the dip and forecasting reversals, contrasting with heavy retail selling and negative seven-day price action.

Spread

Where it started and who carried it

First seen
Sep 28, 06:22 UTC by @yzzzbtc
Accounts
31 tracked · 8 elsewhere on X
Communities
memecoins solana (23), general ct (3), eth defi (2), bitcoin (1)
Key accounts
@yzzzbtc, @kriptonunuzmani, @coingecko, @cryptogorilla, @rayderxbt

Explainability

Evidence register

Every claim links to the posts behind it
01

Tracked accounts identified a price dip and argued $STONK was setting up for a reversal.

[1][2][3]
02

StonkFun reported $619,406 in revenue, $372,629 in buybacks, and 1.54M tokens burned for September 28.

[1]
03

Persolana claimed the protocol executes roughly half a million dollars in buybacks daily.

[1]
04

Skmakeit claimed whales had net inflows of over $320,000 while smaller retail wallets continued heavy selling.

[1]

Angles

  • Platform Revenue vs Price Action: Analyzing StonkFun reported fee generation against the 18.6% weekly decline
  • Retail Selling vs Whale Accumulation: Examining wallet flow divergence across Solana launchpad ecosystems

Formats in use

  • revenue dashboard screenshots
  • technical chart analysis
  • quote tweets of protocol performance updates

Risks

  • Coordinated shilling and aggressive dip-promotion by holders attempting to counter an 18.6% weekly decline
  • Self-reported platform revenue and buyback statistics that are unverified by third-party auditors
  • Strict avoidance of financial advice or price target endorsements given volatile launchpad token dynamics

Observed content

Most-engaged posts

8 posts on X
RA@rarehills132 likes
entire memecoin sector bleeding out across all chains and solana:Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk still holding one of the strongest charts in the space. i believe this is the start of a multi year bull market and useless coin is in a clear bull trend year long cup
Open on X →
PE@persolana110 likes
Heavily bidding $STONK at $.25. These guys are doing roughly half a mil in buybacks every single day. The mispricing can’t last much longer. https://t.co/jv479XykgW
Open on X →
AJ@ajh_sol107 likes
$ZCAT thoughts: bags stays firmly on. haven't sold a single token. flagship crypto pair on stonkfun and first mover. will undoubtedly go on to put in new ATHs and will likely be the fastest horse out the gate upon $STONK reversal.
Open on X →
AJ@ajh_sol94 likes
personally, i love both $ZCAT & $SNDK and don't see them remotely as competitors. a crypto pair and a stock pair. if you want $STONK to be successful you should be rooting for both. if you see one as a threat to the other because they're both... cats? seek help
Open on X →
YZ@yzzzbtc95 likes
$STONK volume down price down 1 - 2 - 3 see you at 400M https://t.co/p4JYzsxVnl
Open on X →
YZ@yzzzbtc90 likes
imagine fading $stonk on the first meaningful dip (after entire FUD campaign) higher
Open on X →
PE@persolana77 likes
$Stonk looks stonkish here ngl https://t.co/agp0d7EP6Y
Open on X →
RI@richardnhsu52 likes
I really like analyzing mcap/holders-revenue recently. Even on more established coins like $PENDLE. A lot of times when mcap/holders-rev multiple is low, it means the asset is undervalued compared to where it was valued at before. This could be that people are expecting a drop
Open on X →

History

Weeks this story made the report

2 weeks
  1. μ21peaked$STONK Flows Diverge: Whales Bid $516K in 24H as Retail Sells and Buybacks Keep Burning Supply
  2. #19steadyTraders Defend $STONK Pullback Citing StonkFun Platform Revenue and Daily Buybacks