The perpetual Punk play
$PNKSTR is the third largest Punk holder, a token buying machine primed for growth as CryptoPunks rise.
Currently, it's sitting shy of $70M mcap, down from a $300M peak.
If Cryptopunks are the best hedge vs. ETH, then $PNKSTR is the best hedge vs. Punks
To a lot NFT holders, they see that parking ETH on Punks is a no-brainer. As ETH price go up, Punks hold floor, or also go up in ETH price
To a lot, Punks are seen to hit $1Mn FP in the future
You know what else happens when Punks floor eventually go up right?
$PNKSTR punks get sold and the proceeds gets used to buy $PNKSTR and burn it
So in a similar fashion, if you’re bullish on Punks but doesn’t have the ETH to park in one, consider buying $PNKSTR instead 🧠
dear algorithm:
please show this post to everyone that needs to know metamask is cooking. perps trading is here, polymarket prediction markets are coming, and a future metamask token has been confirmed.
thanks
@peapod_intern Hello, I farm volatility for Punkster, as well as have it wrapped into PPunkster. I saw that I can expand my volatility position by adding PPunkster to it, but why it shows as 40k rather than 4k?