StonkFun vs Cherry: a launchpad and a holders chat

StonkFun vs Cherry compares two Solana products that share a customer and nothing else. StonkFun (stonkfun.xyz) is a token launchpad: anyone can launch a coin paired with a quote asset of their choice, tokenized stocks included, and its reward coins charge a transfer tax paid back to holders in that quote asset. Cherry (cherry.fun) is a wallet-to-wallet messenger and community app for crypto: you sign in with a wallet, DM any wallet address, and join or create token-gated, NFT-gated, and paid group chats with no phone number, email, or KYC. StonkFun runs no chat of its own and sends holders to Telegram and X; Cherry launches no tokens and pays nobody to hold one. To launch or trade a stock-paired coin, use StonkFun or a terminal that lists it; for the room where that coin’s holders talk with holdings checked on-chain, gate a Cherry room by its mint.

What StonkFun is

StonkFun is a Solana token launchpad with a one-line pitch: “Launch coins paired with anything”. The mechanic is the custom quote pair: instead of pairing a new coin against SOL, the launcher picks the quote token. The launch page listed 448 of them on 10 September 2026, including tokenized US stocks (xStocks such as SPYX and TSLAX), pre-IPO exposure (PreStocks such as $ANTHROPIC), stablecoins, commodities, SOL, SKR, and 361 custom tokens.

Since 5 September 2026 launches run on Raydium LaunchLab bonding curves that graduate into a Raydium pool at 85 SOL raised. A standard token has a fixed 1 billion supply, a 1.25% trading fee, and a 0.5% creator share of every trade. A reward token adds a transfer tax of 1% or 3%, fixed at launch, that fills a pot paid pro rata to holders in the quote asset. A holder needs more than $20 of the coin to qualify (as of August 2026), and an operator sends the payouts off-chain; StonkFun put an on-chain distributor on its roadmap on 22 August 2026. StonkFun said on 3 August 2026 that about 60% of revenue buys back and burns $STONK, its own token.

The anonymous team reported these totals on 9 and 10 September 2026: $1.47 billion in volume, $7.64 million in revenue, $4.54 million of $STONK buybacks, and $27.09 million paid out in holder rewards. None of it is audited, though StonkFun’s revenue page links every transaction on-chain.

What Cherry is

Cherry is a wallet-to-wallet messenger and community app with a web app at chat.cherry.fun, iOS and Android apps, and a listing on the Solana dApp Store for the Seeker phone. Your wallet is the account: sign-in is a signed message (Sign In With Solana) and there is no gas. Cherry started on Solana and also supports Base, Ethereum, BNB Smart Chain, and Robinhood Chain for token-gated chats and wallet DMs. Groups are public, private, token-gated, NFT-gated, or paid, each public one with a storefront page search engines index, and developers get mini apps inside chats, an embeddable chat widget , and an API with bots, all free.

As of 11 September 2026, the Cherry Announcements channel that every signed-in wallet joins had 77,438 wallets, and Seeker Club, the largest room and gated by a .skr domain, had 8,637 members and 58,193 messages. Cherry is #1 on the Seeker dApp Store with 4.8 stars from 4,000+ reviews as of September 2026. It is free to use and earns 30% of paid group entry fees and subscriptions, the paid-DM fee, and a referral share on swaps. More on the company is on the about page .

StonkFun vs Cherry at a glance

“Not applicable” means the product does not attempt that job.

Where holders of a StonkFun coin talk

Both products start from the wallet you already hold. On StonkFun it is a trading account: you connect it to launch or buy, and your relationship with the other holders ends at the pool, because the community layer is a Telegram group and an X account. A Telegram group for a reward coin cannot tell a holder from a farmer, so every pot fill brings a wave of “send me your wallet” DMs and screenshots nobody can check. On Cherry the wallet is the identity everyone else sees: display names come from .sol and .skr names, badges come from trading volume and PnL, and the member list of a gated room is a list of wallets that passed the rule, any of which you can DM , end-to-end encrypted.

The recipe, using ZCAT (“Anonymous Cat”), one of the largest StonkFun coins, at about $84 million across 20,566 holders on 11 September 2026:

1. Open chat.cherry.fun, connect your wallet, press New group, and set it public for a storefront page.
2. Add a gating rule of type token balance, paste ZCAT’s mint HcRLc9VDgjLeK154xDawfb1dmVJ98DoSqcwTHGqiDeJR (check it against the coin’s page on stonkfun.xyz or Jupiter first), and set a minimum, for example 1,000 ZCAT. Members see the requirement and a preview of whether they pass before they join.
3. Stack a second rule if you want one: a group carries up to five with all or any logic, so “hold 1,000 ZCAT or 100,000 STONK” is one room. Then claim a handle.

Two mechanisms matter for reward coins. The token balance rule covers both Solana token programs, classic SPL tokens and Token-2022, the program StonkFun reward coins use for their transfer tax: ZCAT runs on Token-2022 and $STONK on the classic program. Enforcement then continues after joining. Members are re-checked in the background, a holder who sells below the minimum loses access, and owners, admins, and invited members are exempt from the holdings check. The full rule set is on the token-gated chat page.

No $STONK or StonkFun room existed on Cherry on 11 September 2026; the handles stonk, stonkfun, stonkclub, and stonkholders were all unclaimed. The $STONK mint, published on stonkfun.xyz, is 6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx.

Trading and money features

StonkFun’s money features exist to launch and to reward: the bonding curve, the fees, the transfer tax and pots, the buyback and burn, and an Airdrop Mode that sends up to 50% of a new reward coin’s supply to the top holders of the quote token (announced 18 August 2026). It hosts no swap interface for other people’s tokens.

Cherry’s money features exist inside a conversation. Type $ZCAT or paste the mint and the composer renders a token card with price and market cap from Jupiter; Buy opens a Jupiter Swap modal on web, on iOS Swap and Buy are outbound links to satisfy App Store rules, and Cherry never custodies funds. A trade another member shares in the chat can be copied in one tap through the same flow. Perps and tokenized stocks are traded from the Trading Terminal mini app inside Cherry (160 members, 5 stars from 3 reviews on 11 September 2026), the closest overlap with StonkFun: it pairs a memecoin with an xStock, the Terminal trades the xStock itself. Prediction markets run through the Polymarket mini app. An owner can also charge for the room, one-time in SOL or as a USDC subscription, and keep 70% as of 10 September 2026: see paid communities and channels .

Reliability and risk

A fair answer to “is StonkFun safe”: the public record shows an anonymous team shipping fast and admitting problems as it goes. Its changelogs describe downtime on 4 to 5 August and 6 September 2026 fixed with infrastructure upgrades, and a migration from one-sided Raydium CLMM pools to LaunchLab in part because the earlier operator wallet was being sniped. The transfer tax also applies to every transfer, so moving a reward coin between your own wallets pays it too.

Cherry’s risk profile is different in kind. Cherry never holds your tokens: swaps route through Jupiter, OTC deals settle in an on-chain escrow program, and sign-in is a signature that never touches the chain. The honest caveat: group messages are stored off-chain on Cherry’s servers and are not end-to-end encrypted, by design, so moderation and bots can work. DMs are end-to-end encrypted with keys derived from your wallet. A wallet-age gate, silent message requests for cold DMs, and a 0.01 SOL paid DM (10 September 2026) carry the anti-spam load.

Developer surface and mobile distribution

StonkFun published a public API on 7 August 2026 for launching coins, reading data, and claiming fees, and third parties have built dashboards and an X launch bot on it. Cherry’s developer surface points the other way: the Mini App SDK puts a web app inside a chat with the user’s wallet and room context, the Chat Embed SDK puts a Cherry room inside any site, and the Cherry API lets a developer create rooms and run bots, all free. A mini app could show a room’s reward-coin pots from StonkFun’s public API next to the holders discussing them. On mobile, StonkFun is a website and Cherry is a native app on iOS, Android, and the Solana dApp Store, which matters because StonkFun lists SKR as a quote asset; the Seeker Club guide covers how the .skr gate works.

Choose StonkFun if, choose Cherry if

Choose StonkFun if you want to launch a coin paired with a stock, a stablecoin, or another memecoin, or if you want a reward coin that taxes transfers and pays holders in the quote asset. Choose Cherry if you hold a StonkFun coin and want a room where every member is verified on-chain as a holder, if you run a community around one of those coins and want to gate it or charge for it without a verify bot, or if you want encrypted DMs addressed to a wallet. Most traders will use both, in this order: launch or buy there, then create the holders room here. StonkFun alternatives for traders covers more options, and the fomo comparison covers the social trading app StonkFun uses as its in-app news channel. Create the room at chat.cherry.fun with the coin’s mint and claim the handle before someone else does.

Nothing here is financial advice. Tokens can lose value.

FAQ

What is StonkFun? StonkFun (stonkfun.xyz) is a Solana token launchpad: “Launch coins paired with anything”. A new coin can use a tokenized stock, a stablecoin, SOL, SKR, or another memecoin as its quote asset, and reward coins charge a 1% or 3% transfer tax paid to holders in that quote asset. Launches have run on Raydium LaunchLab bonding curves since 5 September 2026.

Is StonkFun safe? Cherry has not audited StonkFun. What is public as of 10 September 2026: the team is anonymous, payouts are sent by an operator rather than an on-chain program, the transfer tax applies even between your own wallets, and its changelogs describe downtime on 4 to 5 August and 6 September 2026. Treat every coin launched there as high-risk.

Is there a StonkFun app? No native app as of 10 September 2026: StonkFun is a website whose coins trade in the terminals it integrates with (Axiom, GMGN, Titan, fomo, Jupiter, Raydium), and its community is a Telegram group and @LaunchOnSF on X. Cherry has a web app, mobile apps, and a Solana dApp Store listing.

Does Cherry launch tokens or pay holder rewards? No. Cherry launches no tokens, adds no transfer tax, and pays holders nothing. Cherry is free to use and creating a community is free; it earns 30% of paid group entry fees and subscriptions, a paid-DM fee, and a referral share on swaps (10 September 2026).

Can I gate a Cherry room by a StonkFun reward coin? Yes. Add a token balance rule with the coin’s mint and a minimum amount. The rule covers classic SPL tokens and Token-2022, the program reward coins use for their transfer tax, and members are re-checked in the background, so anyone who sells below the minimum is paywalled.

Is there a StonkFun or $STONK room on Cherry? Not as of 11 September 2026: the handles stonk, stonkfun, stonkclub, and stonkholders were unclaimed. Any wallet can create it with a token balance rule on the $STONK mint 6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx and claim the handle.

Sources

• stonkfun.xyz
• Jupiter token pages: STONK and ZCAT