Trader Holds Solana Meme Token STONK to $10M Paper Gain
Point Farm Capital turned a roughly $542,000 stake in Solana token STONK into about $10.55 million in value, an unrealized gain near $9.81 million.
A crypto account identifying as Point Farm Capital now holds 35.7 million STONK tokens, valued at about $10.55 million, making it the largest single holder of the token. On-chain analytics flagged the position on September 11, 2026.
The account’s initial investment was approximately $542,000, producing an unrealized profit near $9.81 million and a paper return above 1,800%. The average entry market capitalization for the position was around $12 million; STONK’s market capitalization later reached roughly $255 million.
Blockchain data shows the account accumulated tokens during STONK’s early trading period and largely refrained from selling as the price rose. The position has experienced large intraday swings: on September 8 the account recorded a roughly $2.69 million paper loss within 24 hours before the token’s subsequent rebound.
STONK trades on relatively low liquidity, and the account’s holdings represent a significant concentration of available supply. Large sales from a single holder could affect the token’s price. The reported $10.55 million figure is an unrealized valuation and does not reflect cash realized from sales.
All figures are based on on-chain balances and market values at the times noted; the position remains open and subject to market liquidity and price volatility.
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