$STNK was deployed on the Solana blockchain on the 2nd of April 2021 - block 71935764. This was the first memecoin ever created on Solana, for almost four years the community and original developer remained active. In November 2024, $members of the community banded together to take over the project from the original developer and gained ownership of all socials and the developer coins - which were distributed to members of the community. The project then gained the IP rights to the "Stonks" meme, giving provenance to the token and legal rights for the meme to be used on the blockchain. The Stonks meme is wildly recognisable within financial communities. The original meme was created in 2017 by Henry Hooper, and was popularised on Facebook, Youtube and Reddit. It gained mainstream recognition during the popularity rise of retail stock trading and the Gamestop short squeeze saga on r/wallstreetbets.
In November 2024, $members of the community banded together to take over the project from the original developer and gained ownership of all socials and the developer coins - which were distributed to members of the community. The project then gained the IP rights to the "Stonks" meme, giving provenance to the token and legal rights for the meme to be used on the blockchain. The Stonks meme is wildly recognisable within financial communities. The original meme was created in 2017 by Henry Hooper, and was popularised on Facebook, Youtube and Reddit. It gained mainstream recognition during the popularity rise of retail stock trading and the Gamestop short squeeze saga on r/wallstreetbets.