Solana token STONK hits $180M high as SOL sees net buying
Solana (SOL)
Editor:
Eugene Serbin
lookonchain.com reports that STONK, the token for Solana-based launch platform StonkFun, briefly reached an all-time high market capitalization of $180 million. The asset is currently trading at a $170 million valuation, reflecting a 24-hour gain of 434% and a trading volume of $71 million. BlockBeats notes that related tokens exhibit high price volatility and advises caution for investors.
Meanwhile, a new launch platform called Brew on Binance Smart Chain has experienced sharp market cap fluctuations since its launch. The co-founder of Nasdaq-listed firm Vida is in talks with the Solana Foundation to create a meme coin launch platform. Liquid Network announced that approximately 4,000 BTC were withdrawn by a white hat hacker, leading to the suspension of its sidechain operations.
Meritz Securities stated that Astra has delivered stunning performance, potentially serving as a key catalyst for the rebound of memory stocks. The Hyperliquid development team transferred HYPE tokens worth $38.14 million. Total open interest for altcoin futures contracts across all crypto exchanges has exceeded that of Bitcoin for the first time since December 2024.
How the market reacted
Whalio's own Binance spot order flow for SOL, measured when this story was written up on 7 September 2026. Not the outlet's figures.
Solana is trading at $106.55 with a 24-hour buy ratio of 53.2%, indicating that buyers are currently more active than sellers. This buying pressure is building compared to the 1-hour and 4-hour readings of 50.5% and 51.4% respectively. The Volume Delta shows a net inflow of +$18,107,545 over the last day, meaning more capital is flowing into spot buys than sells. CVD closed at +$17,887,507, confirming strong cumulative buying pressure. Spot volume reached $285,113,477 with 964,987 trades, showing active participation. Net buying occurred for 14 out of 24 hours, suggesting sustained interest throughout the day.
The latest daily buy ratio of 48.8% sits at the 27th percentile of the last 322 days, against a median of 50.0% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for SOL, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.2%, making today's 53.2% reading an unusual day with +3.0 points higher activity. Volume was 1.27x the weekly average, indicating significantly higher trading activity than usual. The price changed +4.7% over eight days, with a total Volume Delta of +$25,664,787. This daily volume delta of +$18,107,545 represents a substantial portion of the weekly total, highlighting intense recent interest. Only 4 of 7 days saw net buying, making today's sustained buying pressure a notable deviation from the weekly trend.