---
name: basestonk-bstonk
description: Full deep dive on BSTONK / BaseStonk, the stock-paired launchpad on Base, 8 Sep 2026 - the claim audit against the bigwil/Xipzer thread, the proof the buyback is a transfer tax, and the EVAL dividend that cannot be realised. Read before any BSTONK, BaseStonk, Xipzer or Base-launchpad discussion.
sources: [cowork]
aliases: [BSTONK, BaseStonk, basestonk, Xipzer, base-stonk, stonk-launchpad-base]
---

# BSTONK / BaseStonk, screened 8 Sep 2026
Token **0x0F61Edbfe6Cd86024C0f210c0695B08df55fdfc9** on **Base**. Site basestonk.io, X @BaseStonk (3,092), dev @Xipzer (3,746).
Companions: [[rh-launchpad-sector]], [[rh-value-accrual]], [[golden-goose-gg]], [[rh-holder-reward-coins]], [[stonks-onchain-lanes]].
- [stated] Ben pasted @bigwil's thread on the @Xipzer AMA and asked: "look into BSTONK. check all claims and info on X and fomo thesis".

## MARKET STATE 8 Sep 2026
Price $0.003730 · **mcap $3,320,959** · aggregate liquidity **$471,181 across 30 Base pairs** · aggregate v24 $1,119,816 · 5,152 holders.
**Created 17 Aug 2026, 22 days old.** ATH **$0.011354 on 6 Sep = $10.1M mcap**. Now **-67.1%**, and **still making lower lows** (8 Sep low $0.003670 under 7 Sep low $0.003780), **-40% in 24h**. Not based.
Daily closes: 03 Sep $2.03M · 04 $2.35M · 05 $4.82M · **06 $5.86M (ATH intraday $10.1M)** · 07 $3.76M · 08 $3.32M.

## THE CONTRACT IS GENUINELY CLEAN, and this is the strongest fact about it
Runtime **3,546 bytes, plain ERC20**. No `owner()`, no `mint`, no `pause`, no `blacklist`, no max wallet, no ERC20-level tax. GoPlus: buy_tax 0, sell_tax 0, honeypot 0, mintable 0, proxy 0, open source 1. Only 27 distinct PUSH4 selectors and 9 of them are standard ERC20.
**CAVEAT that matters: the ~0.25% fee is a Uniswap v4 HOOK, so GoPlus and any bytecode scan of the token report "no tax" and are both right and misleading.** On a v4 chain, read the pool, not just the token.

## ⚠ THE BUYBACK CLAIM IS FALSE. IT IS A TRANSFER TAX WEARING A BUYBACK COSTUME.
Thread claim: "50%+ of protocol fees get spent on continuous buyback and burn, automated via a worker script."
Measured: **45 of 45 sampled burn txs, AND all 15 of the largest burns in 24h, are a 0.11% to 0.25% slice skimmed off someone else's BSTONK swap.** Not one had quote asset entering the pool to pay for the burned tokens.
- Burn legs 7d **18,704**; senders are the v4 PoolManager `0x498581ff718922c3f8e6a244956af099b2652b2b` (17,936) and a collector `0x0f014545de76a29892b9319e5a4123b28299f33b` (768, 1-byte code, nonce 13,908).
- The collector is a pure pass-through: **8,194,469 BSTONK in from the pool, 8,196,035 out to 0xdead.** Its own burn txs show `qIN 0.00 qOUT 0.00` - no quote asset moves at all. It accumulates the skim and batch-burns it.
- **24h burn 1,057,238 BSTONK = $3,943/day.** Real supply destruction (0.118%/day, ~43%/yr of cap), but **zero bid enters the market.** Supply falls; nobody buys.
- **METHOD, reusable:** classify by `burned / (token that moved through the pool in that tx)`. Ratio ~0.25% = tax. Ratio ~100% = the tx bought and burned, a real bid. And check quote-asset direction, per [[rh-value-accrual]]. Script `/tmp/bs/burn2.py`, `/tmp/bs/big.py`.

## ⚠ THE $200K BASKET IS 97.5% ONE DEAD TOKEN
Distributor **`0x99feb612f130c5e981dbc0a96c436bc06ca0fe9e`**, found by the reverse method from [[golden-goose-gg]] (take the real holders, find their common sender). It is real and it does pay.
**7 days: 148,240 legs, 5,727 distinct wallets, 15 assets, $63,388 at spot.** But:
| asset | contract | units paid 7d | $ at spot |
|---|---|---|---|
| **EVAL** | 0x10f52295e129817e8e4b28da0dab067321ec2222 | **437,805,127** | **$61,774** |
| BALD | 0x28c74b28429df12d1f39f244f5c72fd472847a6b | 6,104,887 | $1,370 |
| BSTONK | 0x0f61edbfe6cd86024c0f210c0695b08df55fdfc9 | 21,016 | $77 |
| NIKOLA, 24CT, NIGGOLA, BEEBPOOP, DP69, WETH, CRB, MEMEX500, AAPLc, wtCOIN, B10, COIN | | | $0 to $46 each |
- **437,805,127 EVAL is 43.8% of EVAL'S ENTIRE SUPPLY.** EVAL launched 3 Sep, peaked at $177,905 mcap on close (intraday high implied $1.25M), and today is **mcap $92,677, aggregate liquidity $105,200, 24h volume $3,070.**
- **You cannot realise $200,000 from a token whose whole market cap is $92,677.** The "basket went from $10-15k to over $200k in 10 minutes" and "$300K in liquid, tradeable rewards" are the launch-day mark, not a realisable amount, and "liquid, tradeable" is the specific word that is wrong.
- **Honest liquid dividend: roughly $1,500 over 7 days, about $215/day, ~2.4%/yr on cap.** Everything else is the pad's own launch tokens marked at spot into no bid.

## Other claims, checked
| claim | verdict | receipt |
|---|---|---|
| 109M burned, over 11% of supply | **CONFIRMED** | 0xdead holds 109,153,838 = 10.92% |
| "burn isn't in the mcap, dexscreener uses circulating not total" | **FALSE, backwards** | DexScreener prints mcap $3,320,959 = 891M x price. The burn is ALREADY netted out of both mcap and fdv |
| ran $1-3M to ~$11M, back to ~$4M | **CONFIRMED-ish** | ATH $10.1M 6 Sep, now $3.32M not $4M |
| EVAL launch moved it "in 10 minutes" | **MISLEADING** | EVAL launched 3 Sep 22:24; BSTONK's run was 5-6 Sep, two days later |
| solo dev, three weeks | **CONFIRMED** | first pair 17 Aug, 22 days |
| whitelisted on fomo | **CONFIRMED** | live at fomo.family/tokens/base/{ca}, 473 tracked holders, flagged "Unverified token" |
| "mirrored on Robinhood's chain" | **NOT TRUE FOR THE TOKEN** | zero BSTONK pairs on Robinhood Chain. The pad's RH deployment is unverified |
| Robinhood ~3b secured | **CONFIRMED** | L2Beat TVS $2,816,860,928, Stage 0 |
| Base TVL 15-16b | **UNRESOLVED** | DefiLlama Base DeFi TVL is $5.61B (+19.9% 30d). The 15-16B is presumably bridged TVS, which I could not pull from L2Beat |
| Base beating Robinhood on RWA volume | **UNRESOLVED at RWA level, and the chain level runs the other way** | see chain context |
| on-chain v4 routing solves slippage | **UNRESOLVED** | router contract not read |

## CHAIN CONTEXT 8 Sep 2026, and it cuts against the pitch
| | Base | Robinhood Chain |
|---|---|---|
| DeFi TVL | $5,611,759,993 (+19.9% 30d) | $911,811,653 (**+93.1% 30d**) |
| DEX volume 24h | $902,983,808 | **$1,512,021,481** |
| DEX volume 7d | $5,779,980,981 | **$11,433,064,917** |
| DEX volume 30d | $25,095,684,305 | $26,435,477,121 |
| Fees 24h | $1,804,558 | **$15,503,145** |
| protocols (fees) | 450 | 155 |
**Robinhood Chain does MORE DEX volume and 8.6x the fees on a sixth of the TVL.** The thread's "structurally cheaper chain" argument is about deployment cost, which is true and trivial; the flow is on the other chain.

## COMPS, Base launchpad layer
| project | chain | contract | mcap | liq | v24 |
|---|---|---|---|---|---|
| o1 / O | base | 0x182FA643E5f29d5EcA75e7b9CF9336A3fe4620b2 | $86,246,004 | $2,010,014 | $781,774 |
| BPAD / Basecat | base | 0xB2000000000000000000004c27f6523082f41D01 | $40,999,245 | $492,929 | $3,585,546 |
| STONKEX | base | 0x5ab000ff9B9FfE0349CE5ffA5fD86f217C3680F5 | $16,137,633 | $887,178 | $2,225,397 |
| **BSTONK** | base | 0x0F61Edbfe6Cd86024C0f210c0695B08df55fdfc9 | **$3,320,959** | $471,181 | $1,119,816 |
| FLNCHY / flaunch | base | 0x1c93d155bD388241F9AB5Df500D69eb529cE9583 | $128,543 | $81,492 | $1,891 |
| PONS (the analogue) | robinhood | 0x39dBED3a2bd333467115dE45665cC57F813C4571 | $497,569,271 | $6,995,513 | $9,088,362 |
| PAIR | robinhood | 0x6b1d42927B1a84eC28Fa88d4fC6FA7AF404966be | $12,516,072 | $429,981 | $1,926,083 |
**SLOT OWNERSHIP, both halves: attention rank 4th of 5 on Base; structural rank (volume routed) 3rd, behind BPAD $3.59M and STONKEX $2.23M.** It does not own the slot. "The PONS of Base" is a thesis, not a position.
**TOLL BOOTH: take rate ~1% on launched-token swaps, 50/50 creator/platform (per the yuanli fomo thesis).** BSTONK only sits between flow and counterparty for tokens launched ON its pad, and that volume is nearly nothing: BEEBPOOP $14,058/24h, BSTONKS $1,971, STONKBROS $264, LAKEAMERICA $0. At Base DEX 10x with pad share flat, the toll is still a few hundred dollars a day. **The premium is not earned yet.**

## fomo book, 8 Sep - the ceiling is visible and named
473 tracked holders, top 10 = 27.07%. 24h **122 buys / 82 sells but $3.2K buy volume against $13.4K sell volume** - many small buyers absorbing few large sellers, which is distribution, not accumulation.
- **In profit, will sell any bounce:** 0xFalcs entry $641.6K MC (+474%) · C111raul $857.1K (+320%) · enelxbt $1M, $37,750 position (+240%) · GooseXBT $1M (+238%) · BertLuvv $1.5M (+228%).
- **Underwater, and they are the ceiling:** yuanli $9.5M MC (-61%) · DizzyArmedGoat $9M (-60%) · izzy12778697 $8.8M (-58%) · briekishomo $8M · xach $7.6M · Jeww $7.2M (-49%) · sanyue $7.2M · silva21 $6.7M. **Every push back to $6.7M-$9.5M MC meets that wall.**
- Best thesis on the page is yuanli's, in Chinese, and it is the only one that states the mechanism: 1% fee, 50/50 creator/platform, platform half auto-burns, creator half splits between LP and burn, max wallet configurable to 10%, up to 10 basket assets. **That thesis is how the fee split was learned; the on-chain work then showed the "auto buyback" half is a skim, not a buy.**

## X, 8 Sep
- **TIER-ONE COVERAGE IS ZERO.** blknoiz06, theunipcs, CrashiusClay69, pingucharts, metaversejoji, 0xkioto, dontbuytops, cobie: nothing. The only hit is **@jessepollak "lfg sir" on 27 Aug** - a friendly reply from Base's lead, not an endorsement and not a position.
- Promoters are mid-tier: NickPlaysCrypto (15,892), CrypTao_Columbo (15,134), bigwil (14,014), LadyTraderRa (59,471, one-liners only), thecptbase (19,977).
- **A "vote for our listing" bot farm is running**: Himation_Wool, Cueiform_Wedge, Diarmuid_Spot, Hierogly_Carve, all 1.7k-4.8k followers, identical broken-English poll templates every 20-40 minutes, zero engagement. It inflates the apparent chatter and is not a community.
- Competitor sniping is heavy in the same replies ($STONKEX, $STFY, usedotai), which is itself a read on how contested this slot is.

## RISK THAT IS NOT PRICED
**83.6% of LP is held by three plain unlocked wallets**: `0x3b0ca12ed7ff5e8e2f67da045cf04a1731b63fcd` 38.46% (nonce 478) · `0x4c129c174e863be8160f42f7b11ec90066d5da0a` 23.37% (nonce 4,223) · `0x500485ee637d5b4f39539a4e0e071e72fd314d87` 21.73% (nonce 3,172). All `is_locked=0` on GoPlus. Against $471,181 of aggregate liquidity that is the single largest structural risk, and no thesis on X or fomo mentions it.
Holder distribution is otherwise good: largest non-pool wallet 2.09%, top 20 about 19%.

## VERDICT 8 Sep 2026
The product is real, the dev ships, the contract is clean and the distribution mechanism works. **But the two numbers the thread is built on are both wrong: the "buyback" is a transfer tax with no bid, and the "$200-300K of rewards" is 43.8% of a dead token's supply marked at its launch price.** At $3.32M it sits at the bottom of the Base launchpad band, which is the bull case; it is also -67% off ATH, still making lower lows, being distributed on the tape, and carrying an unlocked-LP majority.
**WHAT WOULD CHANGE IT, checkable:** (1) ONE launched token doing $1M+/day sustained - today's best is BEEBPOOP at $14,058; (2) the distributor's asset mix shifting to USDC and real tokenized stocks instead of its own launch tokens; (3) price stops making lower lows while the burn rate holds above $4k/day.
**WHAT KILLS IT:** the three LP wallets pulling, or another EVAL-shaped payout marked at launch price.