Crypto
Punch meme coin surges more than 80,000 percent after launch
Solana-based meme coin Punch has risen more than 80,000 percent since launch, attracting investor interest. BeInCrypto reported its market capitalisation has surpassed $30 million and its supply is fixed at 1 billion tokens, with locked liquidity and a 0 percent transaction tax. Some analysts flagged potential internal adjustment, citing wallet activity and what they called overly perfect liquidity distribution. Experts warned that surging meme coins can carry high volatility and structural risks.