kalle retweeted
PunkStrategy has sold Punk #282 for 35.26Ξ, realizing 3.21Ξ profit for the protocol.
All 35.26Ξ was used to buy and burn ethereum:0xc50673edb3a7b94e8cad8a7d4e0cd68864e33edf.
kalle retweeted
FWA will shortly buy PNKSTR's cheapest listing
Punk 242 will become the first punk to be bought and sold by PNKSTR twice
PNKSTR will use the 35.2555 eth it receives from the sale to buy and burn PNKSTR tokens
At the current token price that will reduce PNKSTR supply by ~0.566%, to nearly 14% burned
Meanwhile Punk 242 will be added to the FWA prize pool for one lucky punter to take home a 4 colour monochromatic beauty
The synergy works
kalle retweeted
I've heard a lot "if this going to $1Bn, it will hit $1.00
Not sure if anyone realizes this yet. We are currently 1 year into the project and have burned 131M tokens.
When we hit $868M thats $1, consider the burns, when the Supercycle ends it will be $20 - $50
$PNKSTR
kalle retweeted
Just swiping through @RENGA_inc collection. Don‘t tell me its not the best existing PFP art!
One day people will wake up again.😎
Respect to @DirtyRobotWorks for creating such nice art for NFT space.🧡
OG‘s where are you? Time to celebrate art pfps again.✌️
Just swiping through @RENGA_inc collection. Don‘t tell me its not the best existing PFP art!
One day people will wake up again.😎
Respect to @DirtyRobotWorks for creating such nice art for NFT space.🧡
OG‘s where are you? Time to celebrate art pfps again.✌️
kalle retweeted
Def in the mood today to add an epic grail @doodles like my alien to the collection. Time to start the search !!! Love this legendary project 🙏🙏🙏🙏
kalle retweeted
Really love the @doodles IP and how the team keeps pushing! Exept few things (doopies rollout f.e.) I am super happy w/ everything.
But I bought in at 1.2eth floor over a year ago. Since then it keeps dropping. Now under 0.3eth floor.
Why is that? Is it a buy more or sell here?
kalle retweeted
Do you remember when @magiceden said this after shutting down their EVM listings? The internet remembers. 🪄👀
kalle retweeted
In just 4 days, $PNKSTR went from a $7 mil market cap to a $17 mil market cap and burned more than 1.6% of the supply. 🤯
Let's talk about what happened and about future catalysts for Punk Strategy!👇
- In September, Punk Strategy sold 3 punks.
- Huge @cryptopunksbot sweeps started a few days ago. Dozens of Punks were sold, and the price floor moved from 29,5 $ETH to 34 $ETH.
- A new strategy was launched that brought a huge amount of volume to $PNKSTR as well!
- New buyer in town. 0.2% of the $FWA trading fees is dedicated to buying Punks listed by Punk Strategy regularly.
- About 200 new holders joined the $PNKSTR fam.
Everything mentioned above drove value to $PNKSTR, but the most important factor was the price movement of Crypto Punks. $PNKSTR is a form of leveraged bet on Crypto Punks, and it is directly affected by their price performance.
If Punks are sold, it creates a liquidity event that burns tokens, brings more fees, and pushes the price up. You could see the leverage in action a few days ago. The Crypto Punks floor went from 29,5 $ETH to 30 $ETH, and $PNKSTR did more than 2x!
Of course, it works both ways. If Crypro Punks floor goes down, $PNKSTR will suffer even more. But it collects fees on the way down and captures value anyway.
So what are the main catalysts for Punk Strategy?
- Direct connection to Crypto Punks success. If Punks go up, $PNKSTR will go up even more!
- Every other NFT Strategy burns $PNKSTR, so Punk Strategy is also an index for the success of the broader NFT ecosystem.
- Success of $FWA. 0.2% of $FWA fees will be used to buy Punks from Punk Strategy regularly.
- If @Rhynotic dedicates some of his time to the Strategy Ecosystem, it will be another catalyst for sure.
$PNKSTR is just a patience game! If you believe in CryptoPunks, it is a no-brainer. The mechanisms mentioned above will never stop.
$PNKSTR is code-driven, so it is easy to predict what is going to happen. In my opinion, the success of $PNKSTR is preprogrammed in the market with good sentiment. I'm ok to hold and wait through bearish times. I should be alright long-term.
Remember, $PNKSTR can be worth 1$ even with a $10 mil market cap thanks to the aggressive burn mechanisms.
@token_works
Read.
The $PNKSTR thesis was always simple
ETH overperforms-> wealth effects on Ethereum-> NFT and @cryptopunks demand/value multiplies-> all Strategies burning $PNKSTR
$PNKSTR is a leveraged bet on $ETH and the NFT market in general
Mania will return
Zoom out
You are so early
1B
kalle retweeted
All the sellers have left $PNKSTR a long time ago.
All of us left are the hardcore diamond hands.
$ETH up
@cryptopunks volume up
$PNKSTR repricing hard
And all that with everyone sidelined and caught off guard.
Imagine what happens when the slightest bit of attention returns.
Renga time is coming again.😎 @RENGA_inc
No promisses.
No marketing.
No roadmap.
No pump and dump.
Just art.
