Meme coin Punch surges over 200% in a single day, top holder sees profits exceeding 90 times.

BlockBeats News, February 20, according to GMGN market data, the Solana ecosystem meme coin Punch surged more than 2x in a single day, with a current market cap of $31.07 million and a 24-hour trading volume exceeding $24.1 million.

Data shows that the top address on the leaderboard accumulated a position at an average price of $87,800 with a total investment of $10,700, currently making a single-coin profit of $1.1 million.

Public information indicates that Punch was inspired by a popular monkey at the Ichikawa City Zoo and Botanical Gardens in Japan. Moonshot has already listed this token.

BlockBeats reminds users that meme coin trading is highly volatile, often relying on market sentiment and hype, and lacks actual value or use cases. Investors should be aware of the risks.