
The cryptocurrency and NFT market is witnessing a new trend with the introduction of $PUNKS, a token associated with the CryptoPunks NFTs, now available on the Solana blockchain with a $300k market cap. This move aims to provide exposure to the CryptoPunks ecosystem for those who cannot afford the high prices of CryptoPunks NFTs, which have a floor price of 42 ETH, significantly higher than $PUNKS. By comparison, $PUNKS is a 40x from $GOBLINTOWN, with Goblin NFT floor at 0.2 ETH. The market cap of $PUNKS is barely above the floor price of just one CryptoPunk, sparking discussions among investors about its potential for growth versus other NFT projects like GoblinTown at $1.4M MC. Some enthusiasts, considering selling their high-value CryptoPunks, like CryptoPunk #2323, to invest in the entire supply of $PUNKS, highlight the speculative nature of the market. The community around CryptoPunks is also creating a meme coin to further integrate into the NFT ecosystem, with ambitious goals for $PUNKS to surpass other projects in market cap. Recently, based punks have gone from a 0.008 ETH mint to a 0.5 ETH floor, indicating rising interest.

Based punks have gone from a 0.008 ETH mint 10 hours ago to a 0.5 ETH floor --- and rising. https://t.co/ONWXgZbZau
not selling any ordinals until there’s a collection with a 7 fig floor price Punks hit 500k last cycle zero chance bitcoin doesn’t 1up eth 3x the market cap, less places for liq to go, harder money, no roadmaps to fuck things up https://t.co/o8jvbK8Qhc
CryptoPunks is the #1 NFT project. Only right we have our own meme coin to allow those who can afford a punk exposure into the ecosystem. $PUNKS @peruggia_v @maxnorris__ @seedphrase @punk9059 @punk3178 @punk2163 @Kaprekar_Punk @punk7635 @punk6529 https://t.co/3VJyzhyaMI