THE FLYWHEEL CONTINUES TO SPIN: TokenWorks’ $PNKSTR Adds Its 30th CryptoPunk And Reclaims A $130M Market Cap After A Week That Saw A Flash Crash And The Biggest Liquidation In Crypto History!

After one of the most eventful weeks in crypto history, the flywheels at TokenWorks kept spinning as the Punk Strategy token added its 30th CryptoPunk to the portfolio!

What a week. On Monday, TokenWorks’ flagship coin, $PNKSTR, crashed 75% after a whale exited their position. Then the project launched its Max Pain, Checks, and Good Vibes Club strategy tokens. Not long after that, the biggest liquidation in crypto history hit amid tariff talk with China, wiping out more than $19 billion USD of value onchain.

And yet, the Strategies kept strategizing, with $PNKSTR leading the way!

Tonight, the $PNKSTR coin has reclaimed a $130 million market cap and is currently holding 30 CryptoPunks. Check out its collection below:

 

As the Bored Ape Gazette previously reported, $PNKSTR, like all other Strategy Coins created by TokenWorks, is fully onchain, autonomous, and powered by a smart contract with a 10% trading fee. When someone sells the coin, a portion of those proceeds automatically go toward buying more Punks or other NFTs. This means  that even in downturns, the flywheel that the TokenWorks team built keeps spinning perpetually.

 

Many $PNKSTR and Strategy Token bulls believe that we’re still in the early days, remember, $PNKSTR first launched on September 6,  and that the coin’s best days are ahead as the ecosystem continues to grow.

 

“The key to  @Rhynotic and  @token_works team turning $pnkstr into a major defi primitive for web3 and becoming $1b+ token is leaning into & enabling ecosystem development on top of the protocol, “RedBeardVC Founder Drew Austin wrote. “We need to see str tokens hit $100m. We need supported experiments. Everyone gotta eat.”

 

 

 

Recently, Austin and volatility farming platform PeaPod Finance added $PNKSTR to its platform, inviting holders to earn yield on their coins, borrow, or leverage trade using their $PNKSTR as collateral.

 

Tonight, TokenWorks has launched 12 Strategy Coins for the CryptoPunks, Good Vibes Club, Pudgy Penguins, Bored Ape Yacht Club, Moonbirds, Checks, Meebits, CryptoDickButts, Squiggles, Max Pain, Goblintown, and Toadz collections, and the total market cap of the entire ecosystem now sits at $169 million USD. Check it all out here: https://www.nftstrategy.fun

 

The Bored Ape Gazette will continue to follow TokenWorks and all the Strategy Coins. Stay tuned for updates!