Looking at $EMBER for the third time, I think the fundamentals have clearly improved compared with the first two analyses. 5dvXTZ5qwgafnHtwu3Ls3QrWx1U4LQsFeCuJgkk4QEC6 The first time I analyzed it, the core was Meme + Tokenized Stock + Launchpad; by the second time, the platform had already started using trading volume and its fee mechanism to prove that it was more than just a pure narrative project. The biggest change now is that Ember is moving toward Programmable Token + Trading Infrastructure. The platform currently supports 1,200+ tokenized stock pairs, and the official product page has integrated Holder Rewards, Burn, Lotto, Perps, Predictions, Baskets, X Money, and other fee modules into the Launchpad. But what is even more notable is the recent launch of EmberHOOKs. Tokens can now define rules such as Max Bag, Market Hours, Cooldown, Gates, and Slow Start at launch, with those rules enforced on-chain through Token-2022 Transfer Hooks. In other words, Ember is starting to make the token’s trading rules themselves part of the product, rather than simply being responsible for launching the token. This is also one of the important reasons I think the market is repricing EMBER this time. The direct catalysts, however, are the several new product releases Ember has pushed out in succession. The most obvious one is X-MONEY. EMBER recently showed its first X-MONEY payout being completed 9 minutes after launch, with $98.41 USDC successfully paid through PayBox. The amount itself is not important. What matters is that it proves X-MONEY has moved from a concept into a working product:Platform Fees → X-MONEY → Real Payment This gives EMBER a new narrative angle that it did not have before: Creator / Social Economy. At the same time, Hooks opens up another narrative:Launch → Token Rules → Trading So I would view this rally as the market repricing EMBER based on X-MONEY + Hooks + continued growth in platform activity. I also think the market is mainly betting on three directions right now. First, Meme × Tokenized Assets. This is the most validated part of the thesis. EMBER is not simply allowing Memes to pair with SOL / USDC; it allows tokens to pair with a large number of Tokenized Stocks. This sector is also developing within a broader market environment — the SEC recently introduced a temporary, conditional Innovation Exemption for the on-chain trading of tok…
Follow-up post
Evidence timeline
X and Telegram posts, app-native calls and on-chain activity linked to this asset.
I could see $STONK going back to ATH
Also calling the 6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx bottom here. And it will be fueled by solana:HwJyyniKKDRLXxjRSzyLtpvxzqecqrhrbcSbKRm7STNK.
Everyone’s waiting for 6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx to ship a feature. The feature already shipped. It’s the other launchpads dying Every new launchpad that opens this month is a free ad for StonkFun. People try it, get bored or rugged in a week, and the coins they still want to launch end up on Stonk anyway Hooks, agents, custom rules, browser minds. They all need a fresh mechanic to stay relevant past day two. StonkFun doesn’t. The pairing already works. The copies have to invent a reason to exist. Stonk just has to stay open That’s why the chart can chop while the pad keeps taking the launches
The recent move of $EMBER to nearly $49M was, on the surface, mainly driven by Unipcs publicly calling it out. But if we simply interpret this move as a KOL-driven pump, we may underestimate EMBER’s underlying fundamentals. 5dvXTZ5qwgafnHtwu3Ls3QrWx1U4LQsFeCuJgkk4QEC6 Unipcs’
Looking at $EMBER for the third time, I think the fundamentals have clearly improved compared with the first two analyses. 5dvXTZ5qwgafnHtwu3Ls3QrWx1U4LQsFeCuJgkk4QEC6 The first time I analyzed it, the core was Meme + Tokenized Stock + Launchpad; by the second time, the platform had already started using trading volume and its fee mechanism to prove that it was more than just a pure narrative project. The biggest change now is that Ember is moving toward Programmable Token + Trading Infrastructure. The platform currently supports 1,200+ tokenized stock pairs, and the official product page has integrated Holder Rewards, Burn, Lotto, Perps, Predictions, Baskets, X Money, and other fee modules into the Launchpad. But what is even more notable is the recent launch of EmberHOOKs. Tokens can now define rules such as Max Bag, Market Hours, Cooldown, Gates, and Slow Start at launch, with those rules enforced on-chain through Token-2022 Transfer Hooks. In other words, Ember is starting to make the token’s trading rules themselves part of the product, rather than simply being responsible for launching the token. This is also one of the important reasons I think the market is repricing EMBER this time. The direct catalysts, however, are the several new product releases Ember has pushed out in succession. The most obvious one is X-MONEY. EMBER recently showed its first X-MONEY payout being completed 9 minutes after launch, with $98.41 USDC successfully paid through PayBox. The amount itself is not important. What matters is that it proves X-MONEY has moved from a concept into a working product:Platform Fees → X-MONEY → Real Payment This gives EMBER a new narrative angle that it did not have before: Creator / Social Economy. At the same time, Hooks opens up another narrative:Launch → Token Rules → Trading So I would view this rally as the market repricing EMBER based on X-MONEY + Hooks + continued growth in platform activity. I also think the market is mainly betting on three directions right now. First, Meme × Tokenized Assets. This is the most validated part of the thesis. EMBER is not simply allowing Memes to pair with SOL / USDC; it allows tokens to pair with a large number of Tokenized Stocks. This sector is also developing within a broader market environment — the SEC recently introduced a temporary, conditional Innovation Exemption for the on-chain trading of tok…
nothing change
300m>147m send it to 0 6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx
the grifter @theunipcs first tried vamping artificial-inu-3:native with INU, didnt work, THEN he tried vamping the Long eco using the arc long token, didnt work, NOW he tries vamping it again with solana:DEW9dSN6QpWyNthphCpMmAbZP1Q4cEKR9xQXAri98WDP . if this doesnt scream grifter then idk what does. Its either he wins every leading narrative or no one does. he even tried vamping 6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx with ember. Malicious.
StonkFun Revenue (September 29th) Revenue: $1,163,248 Buybacks: $703,175 Burned: 2.75M 6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx
robinhood:0x39dbed3a2bd333467115de45665cc57f813c4571 on Robinhood - 420m 6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx on Solana - 227m ethereum:0x47accd13264d8f954105256faac8376ce6a55999 on Ethereum - 7m There’s an obvious trade unfolding on main net. @senderdotfamily
A day after I call $GP out for being a massive bundled scam it rugs 90%. I wonder what other stonk bundle will be pulled next.
I thought 6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx was revolutionary tech why is it getting vamped by “claim the XMoney bro 2.0”? Also why is the non-tax fleece protocol they copied still holding strong? Solana foundation do something!11
THIS IS WHAT THE 6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx BOTS DO TO CHARTS AT ANY MOMENT. IT IS UNEXPECTED AND SEVERE.
my god 6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx has officially burned more % of their token supply in 7 weeks of existing (16.9%), than solana:pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn has in 140 weeks of existing (16.76%). and it has no VCs that will unlock and dump on you. BILLIONS
StonkFun Revenue (Sept 23rd) Revenue: $1,487,685 Buybacks: $1,130,389 Burned: 3.67M 6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx
Someone just asked me whether the SEC’s approval of the Tokenized Stock rules is bad news for memetoon:native, so I want to share my personal view:I don’t think this is necessarily bad news. 0x385f4f8ae47651ce5f58f5265395a669f8281e18 The SEC’s new rules do address an important
I think $MEME is worth gradually starting to pay attention to now 0x385f4f8ae47651ce5f58f5265395a669f8281e18 This is not simply an “AMC Meme,” but it could potentially become the on-chain vehicle for the narrative connecting Robinhood Chain × AMC × 2021 Meme Stock × Tokenization. What we can confirm is that in early September, Robinhood had subdomains related to movies, MEME launched shortly afterward, and at the same time, AMC CEO Adam Aron publicly clashed with Robinhood over AMC Tokenized Stock. The market therefore began connecting the following:AMC → Robinhood → Tokenized Stock → Robinhood Chain → MEME Of course, there is currently no public evidence confirming that Robinhood officially participated in MEME, so the “official-backed token” theory can only be treated as market speculation, not as a fundamental fact. But even without this speculation, MEME’s narrative itself remains quite coherent. Robinhood Chain is already pushing Stock Tokens + RWA + DeFi, while AMC is one of the most representative assets of the 2021 Meme Stock culture. Therefore, what MEME is really trading is not simply AMC, but:2021 AMC Meme Stock → Retail Culture → Robinhood → Stock Tokenization → Robinhood Chain → Onchain Meme This is also the biggest difference between MEME and an ordinary Meme. As for the AMC shareholder meeting, I do think it could have an impact on MEME, but mainly at the Attention / Narrative level rather than as a direct fundamental catalyst. The AMC shareholder meeting itself does not directly include MEME or Robinhood Tokenized Stock on its agenda, so it cannot simply be interpreted as:AMC Shareholder Meeting → MEME Bullish What is actually worth watching is whether the topics of AMC, Robinhood, Tokenization, retail shareholders, and Meme Stock culture become amplified again during the meeting. Because if the following information chain reappears around the meeting:AMC ↔ Robinhood ↔ Tokenization ↔ Retail Investors MEME could easily become an on-chain trading vehicle for the market to express this narrative. There is also another variable worth paying attention to: OnRecord is currently pushing the MEME community to participate in AMC-related on-chain voting activities. However, this is a third-party community governance experiment and does not mean that MEME holders have actual shareholder voting rights in AMC. That distinction is important. So I think ME…
I'll be that guy. RWA tokens, reward tokens, and reflection tokens from 6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx and solana:98kfF7rmsg1QDUEoCqNE7g7M1FdrTt92TEp2CLzypump and solana:MukLDtJ8Cx9DxLbeyLRSWPSposTMWuwHANbuaudpump are gay. Reflection tokens will always dry up. I don't want utility. I want retarded memes. If I wanted vaporware I would trade on Coinbase.
StonkFun Revenue (Sept 21st) Revenue: $2,093,482 Buybacks: $1,227,425 Burned: 3.47M 6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx
StonkFun Revenue (Sept 20th) Revenue: $1,100,719 Buybacks: $660,554 Burned: 2.35M 6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx
StonkFun Revenue (Sept 19th) Revenue: $1,247,924 Buybacks: $749,636 Burned: 2.93M 6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx
Stonk fun just closed its biggest revenue day since Sunday with $900k 6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx responding well to the news
15% of the total $STONK supply has now been burned.
6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx just announced that 15% of the total supply has now been permanently burned. 6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx On September 11, that figure was still at 14%. This shows that STONK’s value capture mechanism is continuing to play out. The core logic is simple:StonkFun generates revenue → buys back STONK → burns STONK → circulating supply continues to decrease This is completely different from a one-time Token Burn. As long as StonkFun continues to generate real trading volume and platform revenue, STONK continues to receive buy pressure from that revenue while its supply keeps shrinking. More importantly, StonkFun has another layer of Flywheel:StonkFun Revenue → Top 15 Meme Buyback → Meme Burn So StonkFun now effectively has two layers of value capture:Platform Revenue → STONK → Burn and:Platform Revenue → Top Meme → Burn This means platform revenue is not only flowing back into the platform token, but is also starting to flow back into the leading Meme assets within the ecosystem. Therefore, what really matters for STONK is not simply “how much has been burned?” The questions that matter are: How much does StonkFun earn every day? How much of that goes into buybacks? Is the buyback pace accelerating or slowing down? If we continue to see:More Meme Activity → More Revenue → More STONK Burn + More Meme Buyback → Stronger Ecosystem → More Trading then that would be a true Flywheel. Burn is only the result. What really determines STONK’s long-term value capture is whether StonkFun can continue generating revenue and consistently convert that revenue into open-market buy pressure. Also, based on our previous framework for the StonkFun Flywheel, I would consider the current pace relatively fast, and healthy fast. September 11: 14% Now: 15% That means roughly 1% of the total supply has been burned in about 3 days. If this pace were maintained, a simple linear projection would imply: 1 month ≈ +10% Burn 3 months ≈ +30% 6 months ≈ +60% Of course, it will not actually move linearly, because Burn depends on platform revenue and trading volume. But the key point is that what we were looking for was not simply fast Burn, but continuous Revenue-driven Burn. What we are seeing now is:14% → 15%, rather than a one-time jump from 14% to 20%. That is actually more valuable, because it shows that the Burn machine is…
6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx needs to be repriced. 15% of total supply has already been burned, with a burn rate of approximately 0.22% per day. In the ecosystem, there is 1 token above $100M market cap, 3 tokens above $10M, 3 tokens above $5M, and 27 tokens above $1M.
A more straightforward way to look at it is through application revenue. 24H: $PONS: $1.11M 6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx: $759.293K 7D: PONS: $10.46M STONK: $5.88M The gap is actually narrowing. And with the Solana ecosystem continuing to interact with
Let me refresh everyone’s memory: StonkFun is not just about 6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx buybacks and burns. Its more valuable aspect is that it is starting to change the value relationship between the platform and ecosystem tokens. 6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx The basic flywheel for Launchpads in the past was:Meme Trading → Platform Revenue → Platform Token Buyback → Burn The platform makes money, and ultimately only the platform token benefits. But StonkFun now has another Flywheel:Meme Trading → StonkFun Revenue → Buy Top Memes → Top Memes Receive Additional Buy Pressure This means platform revenue is starting to flow back into ecosystem assets. STONK’s own value capture remains:StonkFun Revenue → STONK Buyback → Burn While the Flywheel is:StonkFun Revenue → Top 15 Meme Buyback → Burn Together, these create two layers of value capture. Take ZCAT as an example. If ZCAT collects trading fees and uses them to distribute ZEC to holders, the mechanism is essentially:ZCAT Trading → ZCAT Fees → ZEC Rewards → ZCAT Holders It depends on ZCAT’s own trading volume. You can think of it as “the Meme sustaining itself.” But the StonkFun Flywheel is different. Even if nobody trades ZCAT today, as long as other Memes on StonkFun continue generating trading volume and fees, part of that revenue can still be used to buy ZCAT, as long as ZCAT remains within the Top 15 by market cap. This means ZCAT can start receiving External Buy Pressure from the broader StonkFun ecosystem. And because the Flywheel allocates buybacks based on market-cap ranking, it creates a very interesting feedback loop:Higher Market Cap → More Flywheel Buy Pressure → More Liquidity → More Attention → Higher Market Cap → More Buy Pressure So StonkFun may no longer just be a “Meme Launchpad.” It could be actively cultivating the strongest ecosystem assets through protocol revenue. Of course, the real value of this mechanism still needs to be validated by data. How much revenue does the platform generate every day? What percentage goes into the Flywheel? How much actual buy pressure does the Top 1 / Top 15 receive each day? After the Flywheel buys, does trading volume and liquidity increase further? Can this buy pressure create long-term ecosystem growth? These are the things that still need to be monitored continuously. If the Flywheel is very small, it is mostly…