AI-created for a Mycelium Finance bounty. Market numbers as of 17 October 2026, 08:23 UTC unless stated. No price predictions, not investment advice.
What Knots is
Knots is a meme coin on Solana with a one-line idea: "$STONK spelled backward is $KNOTS." It launched on the StonkFun launchpad in early September 2026 and graduated to a Raydium pool on 6 September (GeckoTerminal).
The product is the token mechanic itself. Every transfer of $KNOTS pays a 3% tax, and that tax is paid out to holders in STONK, pro rata, to wallets holding at least $20 of KNOTS. The site says about 2.5% is deducted for distribution costs.
It is for people who want a simple, readable meme with a built-in reward, and for the StonkFun community that already follows STONK. It does not claim to be more than that, and this article does not either.
Live today versus planned
Live: the token, the STONK payouts, a site with live reward counters and a small browser game, a 55-piece gallery of stickers and art, and a Trading Cup with a 50,000 STONK prize budget running 8 October to 5 November.
Planned: nothing is documented. I found no roadmap or whitepaper on the site. That is normal for a meme coin, but readers should know it.
Recent developments
- MEXC listed KNOTS on 10 September (The Crypto Times), and CoinMarketCap added it on 16 September (CMC).
- A 50,000 STONK "Mindshare" campaign for original posts ran 14 to 21 September (community page).
- Payouts reached 19,299 wallets in the latest drop, up from 11,290 reported in September (site data).
Token facts
- Supply: 989.6 million KNOTS on-chain, 6 decimals, no mint authority and no freeze authority (Solscan, read by public RPC). CoinGecko lists a 1 billion maximum.
- Fee: the 3% is enforced on-chain as a Token-2022 transfer fee of 300 basis points.
- Rewards paid: the site reports $1.27 million paid to holders as 12.07 million STONK. The independent Stonk Board estimates $1.26 million.
- Holders: about 15,200 (site 15,247, CMC 15,246); the top ten balances hold 23.9% (Stonk Board, custody wallets included).
- Market: market cap about $2.74 million and 24h volume about $1.08 million (CoinGecko), most of it on LBank. Solana pools saw $93,256 in the same 24h (GeckoTerminal); the main KNOTS/STONK pool holds $268,700 of liquidity (DexScreener).
The Mycelium connection
Knots is one of the projects in the Mycelium Strategy. Mycelium Finance lists $6,710.70 in two Raydium pools (ESF/KNOTS and MYC/KNOTS), 20.4% of $32,942 across 10 assets, the largest allocation (allocations, checked 08:23 UTC). That is liquidity, not an endorsement.
One promising thing
The reward is real and checkable. By the site's count, more than a million dollars of STONK has reached holders in about six weeks, payouts reach more wallets than in September, and the mint cannot be inflated or frozen. Few meme coins can point to a mechanic that works this plainly.
One real risk
Rewards depend on other people moving the token, and the disclaimer says payouts "can be small, irregular, or stop". The price is about 94% below its 11 September high (CoinGecko). The open question: the mint keeps a fee authority, an ordinary wallet that can change the 3% fee (effective two epochs later, per Solana docs) and withdraw withheld fees. The same wallets appear on another StonkFun mint, so they likely belong to the launchpad, but the Knots site does not say who holds them. Also check the mint: a copycat "KNOTS" exists.
Curious about the Mycelium Strategy and its connection to Knots? Join the Mycelium Finance community: https://discord.gg/5M7FsQcGq
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