Solana-based meme coin PUNCH has erupted into the spotlight after delivering a staggering rally to a fresh all-time high. The sudden breakout has sparked intense debate across the crypto community, fueled by speculation that internet personality Andrew Tate may be linked to the project. While no official acquisition has been confirmed, social media narratives have been powerful enough to send traders rushing in.
PUNCH Surges Over 300% as Adoption Speculation Emerges
Momentum exploded across the Solana ecosystem as PUNCH delivered a breathtaking rally of more than 300%, vaulting to a brand-new all-time high at $0.038 and wiping out multiple zeros from its price. Interestingly, a meme coin trader identified as Fuel claimed in a recent X post that the surge was due to alleged adoption by Andrew Tate. The post quickly gained traction, amplifying buying momentum across the Solana ecosystem.
Meanwhile, shortly before the massive breakout, news media platform Insider Paper reported that Tristan Tate had hinted that he and his brother, Andrew Tate, were considering buying the PUNCH project for $250,000. According to the report, the duo reportedly developed an interest after watching the viral video clip of the abandoned Japanese baby macaque named Punch and its plush doll companion at the Ichikawa City Zoo.
The meme project, which launched earlier this month, draws direct inspiration from that emotional story. Positioned as a community-driven initiative, the token revolves around themes of comfort, companionship, and emotional connection, a narrative that has resonated strongly with online audiences.
Andrew Tate’s Meme Coin History Adds Context
This is not Andrew Tate’s first venture into meme coins. On June 9, 2024, he launched his Solana-based meme coin, DADDY, which rapidly surged to a market capitalization exceeding $300 million.
However, the token later plunged more than 60%, sparking accusations of a potential pump-and-dump scheme. Blockchain analytics firm Bubblemaps alleged that insiders had accumulated around 30% of the token’s supply shortly after launch, adding to the controversy. That history has introduced a layer of caution among investors now watching PUNCH’s rapid ascent.
PUNCH Price Action
According to CoinGecko, PUNCH has surged 187% over the past 24 hours, trading around $0.0298. The token is now up an astonishing 136,394% from its all-time low. However, it remains down 23.7% from its all-time high of $0.0387, highlighting the sharp swings that define meme coin rallies.
Interestingly, PUNCH launched with a fixed total supply of 1 billion tokens, with its liquidity locked and burned, a move often designed to boost investor confidence. The project also operates on a 0% tax model, eliminating transaction fees for traders. Further reinforcing the scale of its recent surge, CoinGecko data shows that PUNCH’s market capitalization has climbed past $30 million.
With speculation still driving sentiment, traders are closely monitoring whether confirmation of adoption materializes or whether PUNCH will experience the steep correction that often follows parabolic moves in the meme coin sector.
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Evans Kelvin
The CoinRemark Team
