Solana meme coin Punch surges 51% in 24 hours, market cap reaches $37M

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Punch, one of the altcoins to watch on the Solana network, surged 51% in 24 hours, reaching $0.037. Market sentiment fueled the rally, pushing the token’s market cap to $40 million before retreating to $37 million. Trading volume hit $19.4 million during the same period. Blockbeats notes that meme coins like Punch are highly volatile and driven by hype, with no real-world use cases. Investors are urged to proceed with caution.

BlockBeats report, February 25: According to GMGN monitoring, the Solana-based meme coin Punch saw its market cap rebound to $40 million this morning, followed by a slight pullback; the current market cap stands at $37 million, with a price of $0.037 and a 24-hour gain of 51%, while trading volume over the same period exceeded $19.4 million.


BlockBeats reminds users that meme coins exhibit extreme price volatility, largely driven by market sentiment and speculative hype, with no real value or utility; investors should be aware of the risks.

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