The meme coin PUNCH, recently launched on the Solana network, has shown an increase of over 100,000% in a short time, attracting the attention of both the crypto community and analysts who warn of potential manipulation and centralized control.
This is reported by Business • Media
Viral Story and Launch of the PUNCH Token
PUNCH positions itself as an “emotionally oriented” meme coin, inspired by the story of a baby Japanese macaque named Punch, who was abandoned but found comfort in a toy that became his “surrogate mother.” The project declares support for the values of comfort, emotions, and friendship, emphasizing the community aspect of cryptocurrency. The viral popularity of the macaque’s story on social media significantly influenced the explosive rise in the token’s price.
According to official information, the total supply of PUNCH is 1 billion tokens, with liquidity claimed to be locked and “burned,” and the team allegedly relinquished control, while the transaction fee is set at 0%.
“A young, abandoned monkey named Punch went viral this month after he was filmed clinging to the stuffed toy that he had been given as a ‘surrogate mother.’ Now, Punch is gradually building up his social skills. He’s been spotted climbing on another monkey’s back, and according…”
Doubtful Signs and Market Reaction
According to CoinGecko, the market capitalization of PUNCH exceeded $30 million, and in just the last week, the token’s price surged by another 13,000%. PUNCH has entered the leaders of daily growth and made it into the top three trending cryptocurrencies. However, amidst such a rapid rally, experts have begun to warn of potential risks.
One analyst emphasized that PUNCH shows signs of centralized control. According to on-chain analysis, about 10% of the total supply was distributed immediately after launch, and a significant portion of tokens was moved through an intermediary wallet. There are also reports of large transfers between related addresses.
“This is how controlled meme coins operate. Be cautious.”
Additional warnings were expressed by the analyst White Whale, who pointed out the anomalous distribution of tokens and unnatural liquidity in pools. He noted that “bubble maps look too perfect. Real life is chaotic,” and emphasized that no coin receives such organic support without the intervention of external mechanisms, particularly through the Meteora platform.
White Whale urged traders to exercise caution, stating that “the signals I saw before are now appearing in PUNCH. Trade carefully. We never know when a rug pull will happen.”
There is growing wariness in the crypto community regarding PUNCH, and experts recommend carefully analyzing the structure and risks of new meme coins. It is worth noting that recently, one trader managed to turn $370 into over $1.2 million thanks to the WHITEWHALE token, which also indicates a high level of volatility and risk associated with such assets.