Fees in, stocks out.
There are 1,127 tokenized stocks on Solana. The 27 with enough liquidity to buy every round are the bundle every coin here is paired with. Here is the whole path from a trade to a share in your wallet.
- 1
Launch on pump.fun
A coin launched here is an ordinary pump.fun coin: same bonding curve, same migration, tradable anywhere. One thing differs. Its creator is a vault generated for that coin alone, so every creator fee it earns lands somewhere the protocol controls rather than in the launcher's wallet.
- 2
Fees are collected
A keeper collects each coin's creator fees from pump.fun, before and after migration, and credits them to that coin's pool. Nothing is spent yet. The SOL waits for the next round.
- 3
A round opens every 15 minutes
Time is cut into 15-minute rounds on one clock every coin shares. Each round names the next stock in a fixed loop of 27: META, SPCX, SPY, NVDA and on. When a round opens, every coin with at least 0.005 SOL waiting joins it, and the keeper buys that round's stock once with all of it through Jupiter.
- 4
Stock is split to holders
The shares bought are divided between the coins that paid in, by how much SOL each put in. Each coin's slice is divided between its holders at that moment, by how much of the coin they hold. The bonding curve, the vault and the keeper are left out of the snapshot.
- 5
Stock lands in your wallet
Nobody claims. Right after a round, the keeper sends each holder their share: real Token-2022 xStocks you can hold, sell or send like any other. The first time a wallet gets a stock it needs an account for it, about 0.002 SOL of rent, so a new stock is sent once your share is worth $1; after that, every round. 10% of each round's fees pays for the sending.
- 6
Then the loop starts again
After the last stock the clock returns to META. A lap takes about 7 hours, so a coin that keeps trading hands its holders the whole bundle several times a day, for as long as it trades.
The loop, in order
Pinned first, then by liquidity. A stock joins the loop once enough of it trades on Solana to fill a round without moving the price.
METAMeta—02
SPCXSpaceX—03
SPYSP500—04
NVDANVIDIA—05
CRCLCircle—06
QQQNasdaq—07
TSLATesla—08
HOODRobinhood—09
MSTRMicroStrategy—10
COINCoinbase—11
GLDGold—12
MSFTMicrosoft—13
GMEGamestop—14
GOOGLAlphabet—15
AAPLApple—16
MCDMcDonald's—17
PLTRPalantir—18
AMZNAmazon.com—19
KOCoca-Cola—20
INTCIntel—21
BRK.BBerkshire Hathaway—22
TQQQTQQQ—23
AVGOBroadcom—24
DFDVDFDV—25
VIDAVida Global—26
TSMTSMC—2709:01
AMDAMD—What if a round has nothing to spend?
It is skipped and the clock moves on. The SOL keeps waiting and buys whichever stock comes next. Nothing is lost, the order just decides which stock it becomes.
Why not every one of the 1,000+ stocks?
Most tokenized stocks on Solana have no market yet. A round has to actually buy the stock, so only those with real liquidity are in the loop. The list is re-synced as new ones start trading.
Do I have to claim?
No. Stock is sent to holders' wallets automatically after each round. Check what has landed on your portfolio page.
Does the launcher get anything?
The same as every holder: their share of each round, by how much they hold. The creator fee goes to the bundle, not to them.