- ListingNasdaq · PTN
- FocusMC4R agonists
- Initial indicationsHO · PWS · BBS
- Weekly injection (rare obesity)IND target · Q4 2026
- Weekly injection Phase 1Start target · H1 2027
- Oral candidatesIND target · H1 2027
- Bremelanotide + tirzepatidePhase 2 endpoint met
- Shares outstanding
- On-chain implied value—
A memecoin · paired against PTN
Get LEAN.
LEAN is a memecoin paired against PTN, the tokenized stock of Palatin Technologies, a small biotech building obesity drugs.
One goal: outweigh the company.
Contract
- LEAN price
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- 24h change
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- LEAN in PTN
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- Market cap
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- Liquidity
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- Holders
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Live figures appear here once the LEAN contract is live. Refreshes every 60 seconds.
Last successful update
Why PTN
The obesity play nobody's watching.
Weight-loss drugs are the biggest story in pharma, and the giants in that race are worth hundreds of billions. Palatin Technologies is also in the race, but at a dramatically smaller valuation.
Palatin is best known for Vyleesi, whose HSDD rights it sold while retaining bremelanotide rights for other uses. Its focus now includes the melanocortin-4 receptor (MC4R), part of a brain pathway involved in appetite and energy balance. It's working on a once-weekly MC4R injection for rare obesity conditions and next-generation oral candidates. In 2025, Palatin reported that a Phase 2 study pairing bremelanotide with tirzepatide met its primary endpoint.
So LEAN is pooled directly against PTN. Trading LEAN means trading against the stock token, fees pay out in PTN, and the scoreboard tracks one thing: how close a memecoin is to outweighing the company.
A memecoin, measured against a public company.
The flippening
The weigh-in.
LEAN's live valuation measured against Palatin's on-chain implied value using the Solana PTN price. At 100%, the memecoin outweighs that benchmark. This is a scoreboard, not an official Nasdaq market cap or a price target.
Live weigh-in
—of PTN
Loading live market data…
- Valuation
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- PTN share price
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- PTN shares
- On-chain implied Palatin value
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How it works
How LEAN works.
One loop. Trading LEAN generates fees, the fees are paid to holders in PTN, and the treasury turns its share back into LEAN.
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1
Trade LEAN against PTN
LEAN's pool on Stonkfun is paired with the PTN stock token, not SOL. Every buy pays in PTN and every sell pays out PTN.
—traded in the last 24h
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2
3% goes to the reward pot
Every LEAN transfer, including buys and sells, leaves a 3% Token-2022 transfer tax. None of it goes to the creator.
3% fee0% creator cut
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3
Holders are paid in PTN
Stonkfun converts the pot to PTN and pays it pro-rata to every wallet holding at least $20 of LEAN at each distribution.
—paid out so far
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4
The treasury buys back LEAN
The project treasury holds LEAN too, so it earns PTN. It sells that PTN to repurchase LEAN, a recurring buyback designed to keep the treasury an ongoing buyer, and the loop starts again.
—held by the active treasury
Rewards build up until StonkFun's distribution conditions are met, and eligibility is checked at each distribution snapshot. StonkFun's mechanics, deductions and thresholds can change, so check its current rules.
Lean launchpad
Every trade burns LEAN.
Lean is a Solana launchpad and DEX built for LEAN. Launch a coin for free, trade it on a bonding curve, and 65% of every protocol fee buys LEAN and burns it.
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1
Launch for free
Pick a name, symbol and image and your coin is live on its own bonding curve. No launch fee, a fixed 1 billion supply, and details locked at launch.
0 SOLto launch
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2
Graduate for good
When the curve fills, the coin moves to its own pool. The LP is burned, so that liquidity can never be pulled.
85 SOLto graduate
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3
Low fees
Curve trades pay 0.90% and graduated pools 1.10%. Creators of Standard coins earn 0.40% of every trade.
0.90%curve fee
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4
LEAN gets burned
The fee router sends 65% of protocol fees to buy LEAN, which is burned, and 35% to a USDC treasury.
65%of fees buy LEAN
Buybacks depend on trading on Lean, so there's no fixed amount or schedule. Lean is new and hasn't been audited; read the risks before you trade.
LEAN holdings
LEAN + PTN, fully accounted for.
Live on-chain balances across the active treasury and all three timelocked dev-supply wallets. Each address is shown separately so the liquid and locked holdings are easy to verify.
- Liquid PTN
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- Locked PTN
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- Liquid LEAN
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- Locked LEAN
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- Share of PTN outstanding
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- Last checked
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Treasury
Liquid
Active treasury
Built to recycle PTN rewards back into LEAN. PTN rewards are sold and used to repurchase LEAN, creating a recurring buyback loop designed to keep the treasury an ongoing buyer of LEAN.
PTN— PTN
LEAN— LEAN
Timelock 01
Locked
Dev supply lock
PTN— PTN
LEAN— LEAN
Timelock 02
Locked
Dev supply lock
PTN— PTN
LEAN— LEAN
Timelock 03
Locked
Dev supply lock
PTN— PTN
LEAN— LEAN
Totals include the active treasury plus all three timelocked wallets, so the full amount of LEAN and PTN across the project wallets is visible while the liquid treasury stays identifiable on its own. LEAN and PTN in timelocked wallets, including PTN rewards they accrue, are counted for transparency, remain subject to their locks, and are not treated as liquid treasury inventory.
Short interest
Short interest, in context.
PTN short-interest figures are shown here as public market-structure data only. They are not a forecast, a call for coordinated trading, or an indication that a short squeeze will occur. These figures are snapshots and change every reporting period.
Short % of float
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A snapshot of reported positioning. It does not show whether short sellers will cover or what the price will do.
Days to cover
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Shares sold short divided by average daily volume. It is a liquidity ratio, not a countdown or squeeze signal.
Read before you buy
The small print, in large print.
- LEAN is a highly speculative community memecoin. No return, liquidity, listing or future value is promised. Its reward mechanism does not guarantee profit or offset losses in LEAN's value.
- LEAN is not equity in Palatin Technologies, Inc. Holding it gives you no ownership, dividends, voting rights or claim on the company.
- This site is not affiliated with, sponsored by or endorsed by Palatin Technologies, Inc., Backpack, Stonkfun or any drug maker.
- "Get lean" is a meme, not health advice. Nothing here is medical advice or an endorsement of any medicine. Palatin's obesity candidates are not approved.
- Short-interest data is shown for informational market context only. LEAN does not organize, coordinate or encourage trading intended to force short sellers to cover.
- PTN on Solana is a Backpack Securities tokenized security. It is held and settled differently from PTN common stock held directly through a brokerage account; redemption, eligibility, custody, trading availability and other terms are governed by Backpack Securities.
- Market data comes from third parties and may be delayed or wrong. Nothing here is financial, legal or tax advice. Always check the contract yourself:
2Hm8qcnud7LEes2inqHcohQKcD7sqAqX8wb9W2uxwB7g.