STONK looking like it's about to have it's 2nd consecutive > $1m protocol rev day. Obviously early days but delivering higher volumes and buy backs than PUMP right now. Team shipping like crazy and new stonks being added daily. May have more durability than many are assuming. Let's see. $110m market cap vs $1.7bn for PUMP.
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- Posted
- 2026-09-07 17:29 UTC
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- 3h ago via trade comments
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Other theses on this trade
STONK revenue last 3 days is double PONS, but PONS market cap is double STONK. Re-rating incoming...... 2x to flip PONS and 16x to flip PUMP.....
STONK is at over 1m revenue today and it's only 8 hours into the day! Not sure this pace is maintained - it was partly driven by a couple of huge hours - but should smash ATH volumes today and decent chance of breaching 2m for the first time. Stonking stuff.
STONK revenues appear entirely unaffected by PUMP launching stock pairs. So far today (10am UTC) revenue and new launches are tracking in line with the same time last three days. Obviously early in the day but on this trajectory STONK will deliver c.$1.25m of rev again today. STONK is now delivering $800k of buy backs per day vs PUMPs $700k per day. Yet PUMP trades at 9x the market cap and 18x the FDV. The PUMP vamp hitting revenues was the main thing holding price back - if that continues to be a non event, some of that valuation gap should start to close.
STONK just passed $1m in revenues for the 4th day in a row. Today looking like it'll end around $1.4m, of which $800k will flow to buy backs. Every day since the Raydium launch lab integration on Saturday has delivered comfortably over $1m of protocol revenue, so this may be the new level for now. If these revenues prove durable then it still looks very cheap at $170m.
Taking the last 3 days STONK trades at 0.65x annualised buybacks. Pump is at 9.1 on the same metric.
Basically delivering the same revenue volumes as PONS at 25% of the market cap. Needs to prove the longevity but so long as ZCAT holds at 100m+ then STONK should do very well.