Reviewed by Reviewed by Jacob Thomas Updated 21:00 EDT September 30, 2026 Share Share Share Back to Top STONK rallied more than 18% in the past 24 hours at press time, as the broader crypto market extended its uptrend
STONK’s daily gains were ahead of Pump.fun [PUMP], its biggest competitor in the Solana [SOL] ecosystem. However, the launchpad continues to climb higher in the ranks of the top platforms by revenue in the Solana ecosystem
The trading volume of both the derivative and spot markets hit $229 million, up about 185% from the previous day. Derivatives account for the biggest spike in volume, about 113%, with Open Interest (OI) rising with it
Stonk generated in excess of $1.163 million in daily revenue. Of this amount, more than $703K was spent on buying back 2.75 million STONK tokens. This amount was burned, representing 0.275% of the total supply
As a result, about 1.30% of the token’s supply was burned over the past seven days
Basically, STONK has bought back $17.37 million while burning a total of 189.92 million STONK, equivalent to $50.996 million
On the charts, STONK was trading around its highs, with price action respecting an ascending trendline support. Since mid-August, the token has bounced off this level five times, and now it is touching it for the sixth time
However, it is still unclear if the zone at around $0.25 will hold for another bounce. Some altcoins like Zcash [ZEC] had broken a similar trendline support despite whale accumulation, hinting such a bounce was not guaranteed
Further analysis showed capital leaving the ecosystem token as the Chaikin Money Flow (CMF) dropped from 0.14 to -0.23 as of writing. Notably, CMF was forming a double bottom that was yet to be confirmed, hinting the outflows could be about to end
The Choppiness Index (CHOP) was also declining, indicating the trend was becoming stronger and clearer
Therefore, losing this support and staying below it could see STONK retesting the demand zones at $0.15 or $0.10. On the contrary, the token could rally to $0.40, its all-time high (ATH)
Lennox Gitonga is a Financial Market and On-Chain Analyst at AMBCrypto with a Bachelor of Commerce in Finance. As a former equities trader, he applies traditional market rigor to crypto, delivering clear technical and on-chain analysis that explains price action, liquidity, and network behavior driving digital asset trends
