Solana meme coin PUNCH surges over 80,000%, hits $30 million market cap

PUNCH, a Solana-based meme coin inspired by a viral story about a baby Japanese macaque and his plush companion, has surged more than 80,000% since launch and climbed above a $30 million market cap. GeckoTerminal data shows the token began trading earlier this month and momentum accelerated as the macaque story spread; over the past week the coin rose 22,290.8%.

On CoinGecko the token was the top daily gainer with a 260% jump and ranked third among trending cryptocurrencies. The project presents itself as community-driven and centered on emotion, comfort and companionship. Its website lists a fixed total supply of 1 billion, and states that liquidity has been locked and burned, ownership renounced, and that the token operates with a 0% tax.

“PUNCH is gearing up to be the MOODENG of 2026,” an analyst wrote. Crypto watchers have raised concerns about the token’s distribution.

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