fade we can't all be bullish, right?

Charts by TradingView

Thread

Posted
2026-09-14 13:48 UTC
First seen
5h ago via trade comments
Chain
Solana
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1

Other theses on this trade

Revenue bottomed at $561,373 on Sep 16. It did $900,646 the next day, then $1,120,579 on the 18th doubled off the low in two days, back above a million. And the buyback split never moved through any of it: 59.53% lifetime, unchanged.

STONK$14.9K+356%

StonkFun did $1,155,245 in protocol revenue yesterday. Pump.fun did $1,168,170, is worth $3.43B. StonkFun's token is worth $210M. Same revenue. 16x the market cap.

Three straight seven-figure revenue days. And the buyback ratio hasn't moved once. Sep 6: $1,508,195 Sep 7: $1,198,987 Sep 8: $1,129,578 and the day isn't closed $3.84M of platform revenue in 72 hours.

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Revenue is up. Price is down 24%. That's the whole thesis. Aug 30: $22,832 in fees. Aug 31: ~$42K Meanwhile the cap went from $20.7M this morning to $16 M. That puts it at 1.53x annualized revenue the lowest I've seen it. It was 2.23x twelve hours ago. And ~60% of every dollar buys and burns $STONK. I've checked that ratio three times this week: 59.8% today. Same machine, cheaper price.

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stonk.fun revenue, last week: Aug 25 — $26,527 Aug 26 — $84,860 Aug 27 — $55,686 And the flywheel kept pace: ~60% of every dollar buys $STONK on the open market and burns it.