Crypto Trader Rakes in $10 Million with Aggressive Hold on STONK

A crypto trader known as Point Farm Capital has turned a bet on the Solana-based meme coin STONK into more than $10 million in profit by sticking to an aggressive hold strategy.

According to on-chain analytics from Lookonchain, the trader now holds 35.7 million STONK tokens, valued at roughly $10.55 million, making them the token's largest single holder.

The unrealized profit stands near $9.81 million on an initial investment of about $542,000, a return exceeding 1,800%.

The average entry market cap was around $12 million, while STONK has since climbed to roughly $255 million, delivering outsized gains for early accumulators who refused to sell.