What is STONKS Token?

2025-02-06 00:56:12
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Quick Reads
This article introduces STONKS, a meme token based on the Solana blockchain, launched by the Nasdaq affiliated account @Nasdaqmeme, aiming to attract wide attention through meme narratives and social interactions, and build an investment ecosystem that combines fun and inclusiveness. Currently, STONKS has been successfully listed on mainstream cryptocurrency exchanges such as Gate.com and MEXC, providing strong guarantees for its liquidity and influence in the market. The article also covers project risk assessment, token economics, market performance, and future development directions for investors to refer to.

Project Introduction

STONKS is the official affiliated account of the world’s second largest stock exchange, Nasdaq.@NasdaqmemeThe meme token launched on January 22, 2025, and received support from the official Nasdaq account. Its image is based on a widely circulated meme on the Internet, depicting a cartoon character wearing a suit with a single and slightly funny facial expression (commonly known as ‘meme man’ or ‘head shape guy’), standing in a stock market or financial background scene, used to satirize or humorously express ‘investment success’.

The narrative image first appeared on social media and Reddit platforms, but more in a contrasting way, mocking the seemingly irrational but unexpectedly profitable investment decisions, ridiculing the unpredictability of financial markets such as the stock market and cryptocurrency. The STONKS token aims to build a more interesting and inclusive investment ecosystem through social interaction and meme dissemination, with a core concept of humor and relaxed investment culture, reflecting the trends and changes in the capital market. It hopes to attract widespread attention through its strong meme attributes and promote investors’ new understanding of market volatility.


Nasdaq official retweet support (source: https://x.com/reployai

Related Links

X (Twitter): https://x.com/CNStonks?utm_source

Telegram: https://t.me/stonks_cn

DexTools:https://www.dextools.io/app/en/token/ruggedbynasdaq?t=1738021341447

Dexscreener:https://dexscreener.com/solana/6NcdiK8B5KK2DzKvzvCfqi8EHaEqu48fyEzC8Mm9pump

GMGN:https://gmgn.ai/sol/token/solscan_6NcdiK8B5KK2DzKvzvCfqi8EHaEqu48fyEzC8Mm9pump

Birdeye:https://www.birdeye.so/token/6NcdiK8B58Mm9pump=solana

Solscan:https://solscan.io/token/6NcdiK8B5KK2DzKvzvCfqi8EHaEqu48fyEzC8Mm9pump

Token Information

Token Name: $ STONKS

Total supply: 1,000,000,000 TOKENs

Release Date: 2025-1-22

Token Type: SPL Standard Token

Contract Address: 6NcdiK8B5KK2DzKvzvCfqi8EHaEqu48fyEzC8Mm9pump

(Currently, STONKS project has not disclosed more detailed information about the token. Please follow their official media updates for future related news:https://x.com/CNStonks?utm_source.)


STONKS token information (image source:Solscan

Risk assessment

As an SPL standard token, STONKS relies on the high throughput and low cost advantages of the Solana network to meet the needs of large-scale transactions. Its smart contracts do not have complex or hidden transaction restrictions, such as default lock-up, delegated minting, or hidden fees. The distribution of holdings has not shown any abnormalities, and the overall design conforms to the basic principles of decentralization, and performs excellently in terms of liquidity and technical specifications.


STONKS token detection page (Image source:https://www.gt-io.best/mobileapp/ref/BVdAU1hb?appType=0)

Market performance

As of 7:00 on January 28, 2025 (UTC+0), when this article was written, STONKS has been successfully launchedGate.comThe total circulating market value of mainstream cryptocurrency exchanges such as MEXC and LBank is $3.9125 million, with 8,653 holding addresses. The current token price is $0.00370, a decrease of about 38.3% from its historical high of $0.006.


STONKS Token price trend (Image source:https://coinmarketcap.com/dexscan/solana)

Conclusion

As a meme token launched by an associated account of Nasdaq, STONKS has quickly attracted wide attention from the market and the community with its unique cultural narrative and humorous investment ideas. Due to the technical advantages of being built on the Solana network, its token design mechanism demonstrates high transparency and reliability. However, the key to the future of this project lies in whether it can maintain market appeal through continuous operation and sustain growth in the competitive cryptocurrency field. Due to its short time since launch, it is recommended that investors closely follow official updates and maintain a cautious attitude.

Author: Smarci
Reviewer(s): Edward
Disclaimer
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
* This article may not be reproduced, transmitted or copied without referencing Gate. Contravention is an infringement of Copyright Act and may be subject to legal action.

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