PunkStrategy Surges Amid NFT-Token Hybrid Interest

[tradelikepro]

PunkStrategy (PNKSTR), a token linking NFT trading with reinvestment mechanisms, has seen significant growth. In the past 24 hours, PNKSTR jumped 87%, pushing its market cap to $36.4M.

Developed by TokenWorks, the project allocates 10% of transaction fees to buy Cryptopunk NFTs, which are later resold, and proceeds are reinvested into PNKSTR buybacks.

Analysts caution: high volatility makes this experimental token a speculative play.

[jacson4]

Using fees to buy and resell Cryptopunks is creative, but definitely adds volatility risk.

[EmTeam]

PNKSTR feels more like a speculative experiment than a long-term safe bet right now.