“THE TOKEN WORKS, FASTER” : Token Works Announces That its lowering The Relisting Multiplier On Its Popular PunkStrategy Coin From 1.2X To 1.1X The Floor!

 

The Punks’ perpetual NFT buying machine is speeding up after Token Works announced it is lowering the relisting multiplier from 20% to 10% above the floor, likely meaning quicker sales and more token burns.

“We've decided to lower the relisting multiplier on PunkStrategy," Token Works tweeted on Wednesday. “This means that if CryptoPunk #5117 (the current floor Punk) is purchased by the protocol for 29.25Ξ, it will be relisted for 32.18Ξ .The Token Works, faster.”

 

With this change, PunkStrategy will continue to run on a 10% tax every time someone purchases the token. Once the smart contract collects enough fees, it will purchase a floor CryptoPunk and relist it for 1.1x the price. When the Punk sells, the proceeds are used to buy back and burn PunkStrategy tokens.

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This update is the first major change to the PunkStrategy coin since it launched in September 2025.

 

At the time of publication, PunkStrategy has a market cap of $15.27 million USD, and the protocol currently holds 39 CryptoPunks and an additional 28 ETH.

The Gazette will continue to follow all things Token Works and will let you know how today’s change impacts PunkStrategy. Stay tuned for updates!