Solana Meme Coin STONK Yields $10 Million for Aggressive Holder

A crypto trader known as Point Farm Capital has turned a bet on the Solana-based meme coin STONK into over $10 million in profit using 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%.

This approach contrasts with high-frequency flipping common in meme coin markets, where traders typically take quick profits rather than let positions compound.