PUNK Market Cap Surpasses $14 Million, Daily Increase Exceeds 3300x

Odaily News According to GMGN data, the market cap of the ETH chain Meme token PUNK has risen, breaking through $14 million and currently reported at $13.3 million, with a daily increase exceeding 3300x.

PUNK is built around the CryptoPunks holder network, with 50% of the tokens already airdropped to 3,987 holding addresses. Simultaneously, during the airdrop process, approximately 10% of the total token supply was sent to a burn address due to failed batch transactions, creating permanent deflation. The project team referred to this event as "The Sacrifice" and stated that they have made supplementary distributions to some early participants.

Odaily reminds users that Meme tokens are subject to high price volatility, and investors should be aware of the risks.