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Whale buys 16,976 SOL to invest in STONK during dip; token hits new all-time high same day

Market News
09 Sep 2026
Bitcoin
View Source
Bullish
Whale buys 16,976 SOL to invest in STONK during dip; token hits new all-time high same day

A single wallet withdrew 16,976 SOL (about $1.76 million) from Binance and used it to buy 9.32 million STONK tokens at $0.19 during a 33% price dip. Despite buying during a decline, STONK surged to a new all-time high of $0.2234 the same day, up nearly 50% in 24 hours and over 1,100% in a week. STONK is the native token of Stonkfun, a Solana-based launchpad that pairs new tokens with tokenized equities rather than just SOL or stablecoins. The platform recently generated $1.5 million in daily revenue, funding buybacks that support STONK's price. This surge reflects speculative capital moving into high-volume, buyback-supported tokens amid stable major cryptocurrencies.

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