A wallet tagged BS3YsB spent 4.4 million USDC to buy 15.06 million STONK at an average price of $0.295, according to on-chain analytics firm Lookonchain. The buy lands STONK back in the spotlight just as the token's most famous early backer is sitting on eight figures in paper gains.
STONK is the native token of StonkFun, a Solana-based launchpad that lets creators pair new tokens against tokenized equities rather than the usual SOL or stablecoin pairing. That equity-pegged mechanic is what set the platform apart from the dozens of other Pump.fun clones competing for Solana's speculative flow, and it has turned StonkFun into one of the busiest corners of the network this month: STONK crossed $100 million in trading volume within 11 hours of an early-September breakout and has accumulated roughly 30,000 holders, while the token itself is up more than 1,800% over the past month.
BS3YsB's entry price of $0.295 is more than ten times what the trade's biggest known winner paid. Point Farm Capital built its position by putting roughly $1 million into 37.21 million STONK at an average market cap near $21 million; with STONK's market cap now around $240 million, that stake carries an unrealized profit of about $10 million and made the fund the token's largest holder.
The gap between those two entry points is the story here. Early buyers like Point Farm Capital got in when STONK was still an obscure launchpad token; BS3YsB is buying into a token that has already run more than 1,800% and crossed $175 million in market cap within the past week. That is a familiar pattern in Solana's fast-moving token cycles — later capital chases confirmed momentum rather than getting in ahead of it, which raises the stakes if the rally cools. STONK has already shown it can move fast in both directions: on September 9, a separate whale withdrew 16,976 SOL from Binance specifically to buy the token's 33% dip before it went on to set a fresh all-time high days later, and another wallet spent 17,106 SOL, worth roughly $1.7 million, to build a 5.41 million STONK position around the same window. BS3YsB's buy fits that same pattern of new capital arriving in waves rather than all at once.
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StonkFun's broader traction is part of what is drawing this capital in. The platform generated an estimated $1.5 million in daily protocol revenue on September 6, briefly outearning Pump.fun, Solana's dominant token launchpad, for a single day. That kind of fee generation tends to attract more builders and more speculative capital in a reinforcing loop, which helps explain why STONK keeps finding new buyers even after a run that would look exhausted on almost any other token. It also means the platform's own revenue, not just STONK's price, has become something traders are watching as a signal of whether the activity is durable or a short-lived spike.
Whether BS3YsB's bet pays off likely hinges on whether StonkFun can keep converting attention into sustained volume rather than a single viral week. For now, the wallet's $4.4 million position sits in profit, with STONK trading above its September 11 entry price — but it is a meaningfully riskier entry than the one that made Point Farm Capital's fund look prescient a few weeks ago. A token that has already multiplied more than 18 times in a month leaves far less room for error than one still trading near its launch price, and every new large buyer at a higher cost basis raises the amount of capital that would need to be defended if sentiment turns.
Point Farm Capital's original STONK bet and the token's broader climb sit alongside a wider rush into Solana-based launchpad tokens, an altcoin volume dominance push that recently hit a two-year high as capital rotates away from majors.
