Trader Loshmi Closes STONK Position After $327,400 Realized Profit

Trader loshmi said he has closed all positions and realized $327,400 in profit over 30 days of public trading. According to ChainCatcher, he began buying STONK more than a month ago when its market value was about $1 million and continued adding as the price declined. STONK is the native token of Stonkfun, a Solana token issuance platform launched on August 3 that lets creators pair new tokens with tokenized stocks. Loshmi said his portfolio once rose from $5,000 to more than $25,000 before falling back to $4,000, and that he also lost more than $6,000 in a hacking incident. He said he closed the position because of fatigue from intensifying trading competition in the market.