Solana-based token launchpad StonkFun surged into focus after saying its new token issuance process will be integrated with Raydium’s LaunchLab, a move that coincided with a sharp rise in its native token.
At around 4:30 p.m., STONK was trading near $0.16, up more than 250% from 24 hours earlier. The token briefly reached an all-time high of $0.212 before giving back part of the advance, leaving it with a market capitalization of roughly $140 million and 24-hour trading volume near $135 million.
LaunchLab integration drives the move
The price jump followed StonkFun’s announcement that future token issuance on the platform would be routed through Raydium’s LaunchLab. According to the company, the integration is intended to reduce token distribution costs, limit the risk of early sniping and improve liquidity once tokens move beyond the initial launch phase.
Under LaunchLab’s setup, newly issued tokens first trade using a bonding-curve model. After a preset threshold is reached, liquidity is migrated into Raydium pools, which StonkFun said should help deepen post-bonding market activity.
How StonkFun is structured
StonkFun lets users issue tokens by creating trading pairs linked to tokenized stocks and exchange-traded funds, as well as cryptocurrencies, currencies and commodities. Its native token, STONK, is paired with SPYx, Backed’s tokenized ETF product that is designed to track the S&P 500 index.
The source article noted that this pairing does not give STONK holders direct ownership of ETF shares or any shareholder rights.
Broader gains across the ecosystem
The move in STONK came alongside strength in other tokens connected to the Solana and Raydium trading ecosystem. Raydium’s own token, RAY, climbed about 46% over the same 24-hour period to $1.27.
JUP, the token associated with Solana-based decentralized exchange aggregator Jupiter, also advanced, gaining roughly 21% to trade around $0.27.
Buyback program remains part of the platform model
Separate from the LaunchLab integration, StonkFun also operates a buyback-and-burn program funded by trading fees generated on the platform. Under that system, part of the fee revenue is used to buy back and burn tokens that rank among the top 10 by market capitalization on StonkFun.
So far, the platform has bought back and burned 78 tokens through the program. The next confirmed development is the rollout of new token issuance through Raydium’s LaunchLab, which StonkFun says is meant to lower launch friction and strengthen liquidity after the bonding stage.
Source: en.bloomingbit.io