Data: After a single-day increase of over 370%, the Ethereum ecosystem meme coin PunkStrategy (PNKSTR) has retraced, with a current market value of $22.8 million

ChainCatcher news, according to GMGN market information, the Ethereum ecosystem meme coin PunkStrategy (PNKSTR) surged over 370% in a single day before retreating, with a current market cap of $22.8 million and a 24-hour trading volume exceeding $8.6 million.

It is reported that this meme coin was created by TokenWorks, with a 10% transaction fee applied to trades. The fees are used to purchase Cryptopunk NFTs, which are then listed for sale at 1.2 times the purchase price, and the profits from the sales are used to buy back PNKSTR. ChainCatcher reminds users that meme coin prices are highly volatile, and users should invest with caution.