Large-scale sell-off: The end of the crypto-stock meme era? Solana's crypto-stock meme launcher STONK plummeted over 30% overnight. ImBrentJames, a major STONK investor with 12,000 followers on fomo, sold off all his STONK, losing $775,000. ImBrentJames initially bought in for $1.229 million at an average price of $169 million, but ultimately exited with a 63% loss. On one hand, the crypto-stock meme trend cooled down, affecting both STONK and PONS, with buyback amounts declining sharply. On the other hand, a new player emerged in the Solana Launchpad sector, intensifying competition, leading some investors to switch their STONK holdings to FLOAT.