Point Farm Capital Books $10M Paper Gain on STONK Token

This is a case study in how quickly mark-to-market gains can accumulate in thinly traded tokens: a single fund's position moved from roughly $1 million to a paper $11 million without any disclosed exit. The distinction between unrealized and realized matters most here, since a $240 million market cap on a token bought at $21 million implies the fund's own stake is a large share of the float — meaning any attempt to sell could move the price against it. Whether the position can be exited near current marks, and how STONK's liquidity deepens, is the open question.