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The Memestock Money Loop
The analysis reports that tokenized stocks on Solana, driven by StonkFun and Pump.fun, accounted for 31.5% of tokenized‑equity DEX volume ($1.76B of $5.58B) between Sep 1 and Oct 11. Pump’s Custom Pairs, launched Sep 9, grew to 58% of volume ($125M of $216M) by Oct 11, overtaking StonkFun. Memecoins paired with Sunrise’s tokenized SpaceX (SPCX) contributed significantly, with Pump’s meme/SPCX pools handling ~$20M on Oct 10 (38% of SPCX DEX volume). Reward tokens distributed ~$31M in stock tokens to 360k wallets, but most recipients sold or transferred them; only ~2% later bought tokenized stocks for investment. Overall, meme trading boosts tokenized‑stock volume and liquidity on Solana, linking meme hype with real‑world company tokens.