
Did the NFTStrategy meta just end? Here's what happened: > Checks launch delayed, Max Pain announced instead > Floor pumps to 1.5eth > Token launches with a new 99% tax, slows token buy pressure > Traders don't know about the +0.1eth/minute buy limit on the NFTs, undercut fiesta > Buy limit meets floor price, 160eth one clipped into the floor. Anyone listed below 1.58eth sells > No eth left in the treasury, floor drops from 1.6eth to 0.7eth in seconds What's happening now: > PainStrategy now the largest Max Pain holder (185+) > PunkStrategy down 65% from ATH 2 days ago > All NFTStrategy coins dumping > Many took losses buying the top of Goblins/Max Pain > Checks, GVC and Milady slightly down (Still hope?) Changes I'd like to see: > The 5 - 10 minute time delays are hurting the token and NFTs. Revert the 99% tax to 95%. Make the buy limit on NFTs move by 25 - 30% of the floor, not <10%. > Once there's no eth in the treasury, the floor goes to zero, so one clipping into the NFTs creates a pump and dump. Limit how many NFTs can be bought per minute, extending buy pressure, while allowing the treasury to accumulate more fees as they go. > I heard there's another exploit on Goblintown. Haven't checked if it's true, but if it is, it's the 5th bug? No idea who their devs are, but it sounds like they need a new one. > Comms suck. Announce changes in advance, make the buy limit and tax structure clear, and avoid last second changes at all costs.
calling tokens really isn’t my thing but if i see something cool being built on uniswap i will 100% support it and tell all my friends about it punk strategy is here to stay (major shoutout to the excellent tokenworks team)
$PNKSTR looking like a honeypot at this point New ATH of $155m Up over 15x from the lows since my first explainer post Can't wait for the next 5 tokens to launch. Loaded up my bags and I still feel underexposed

I'm pretty sure that Punk Strategy will die fairly soon. The model depends on consistently high volume and listed Punks selling at a 1.2x premium so that the funds can be redeployed into $PNKSTR. Here are the problems I see: 1) The 10% tax is very high and makes trading less attractive (see loud*o). Including 2% that goes to the team. 2) At the current floor price, the 1.2x premium for listing is almost $50,000 USD. Unless the floor price of CryptoPunks rises (significantly) or a whale buys the listing, there is no reason why it would sell. Meaning no buy pressure for $PNKSTR from this side. So unless a) there is a consistently high volume despite the 10% tax and b) the floor price of CryptoPunk goes up, I don't see much of a future. The flywheel is interesting, but not strong enough to boost the floor price to an extent where it really takes off