Ethereum Ecosystem Meme Coin PunkStrategy (PNKSTR) Retraces After Daily Surge of Over 370%, Market Cap Now Stands at $22.8 Million

BlockBeats News, September 15th, according to GMGN market data, the Ethereum ecosystem meme coin PunkStrategy (PNKSTR) saw a single-day surge of over 370% before retracing. The market cap is now reported to be $22.8 million, with a 24-hour trading volume of over $8.6 million.

It is reported that this meme coin was created by TokenWorks, with a 10% transaction fee used to purchase Cryptopunk NFTs. These NFTs are then listed for sale at 1.2 times the purchase price, and the sale profits are used to buy back PNKSTR.

BlockBeats reminds users that meme coin prices are highly volatile, and users should invest with caution.