Stock-paired Solana launchpad StonkFun surges 250% to $140M cap

The sharp move in STONK underscores how quickly capital rotates toward novel token structures that bridge equities and crypto, especially when paired with high-throughput venues like Solana. The integration with Raydium's LaunchLab appears to be the catalyst, but the real signal is the cross-token spillover into RAY, suggesting ecosystem-wide liquidity effects rather than isolated speculation. Whether this momentum holds depends on sustained volume across Raydium and Jupiter, and whether stock-paired launchpads can attract credible issuers beyond the initial hype.