STONK, a Solana-based meme token, briefly eclipsed a $150 million market capitalization before retreating to around $136 million. The 24-hour move represents a gain of more than 430%.

Odaily notes that STONK enables users to issue meme tokens and pair them with tokenized real-world assets, including tokenized stocks and pre-IPO stock tokens.

Solana co-founder Anatoly Yakovenko previously shared posts about STONK and asked, "What is Stonk Token?"