StonkFun Burns 18% of STONK Supply as Backpack's BP Hits All-Time High
- —StonkFun spent $672,362 of its $1.09 million daily revenue on STONK buybacks
- —2.05 million STONK burned, taking cumulative burns to 18% of supply
- —Backpack's BP token hit an all-time high of $1.27, up about 48% in 24 hours
- —Expectations around Backpack's tokenized equities business are driving BP's rally
Why it matters: Shrinking STONK supply and BP's record run signal that demand on Solana is shifting toward platform tokens and tokenized-asset plays.
Source: Bitcoin Sistemi