Punch market cap surpasses $40 million, 24-hour trading volume exceeds $19.2 million

2026-02-22 by admin

Public information indicates that Punch is inspired by a viral monkey from the Ichikawa City Zoo and Botanical Garden in Japan.

BlockBeats reminds users that meme coin trading is highly volatile, largely driven by market sentiment and hype, lacking practical value or use cases, and investors should be aware of the risks.

PANews reported on February 21 that Bloomberg analyst Eric Balchunas stated that Bitcoin's unique value lies in its user-driven nature and its censorship-resistant and debasement-resistant properties, neither of which have changed. He believes that while the importance of censorship resistance may seem to decline in developed markets in the short term due to the current US government's friendly attitude towards Bitcoin, it remains practically useful in emerging markets and may become more prominent again in the coming years. Furthermore, he noted that Bitcoin is still relatively "young," with high price volatility and narratives easily swayed by price; investors should distinguish between price noise and long-term value.

BlockBeats news, February 22, according to GMGN market data, the Solana ecosystem meme coin Punch has surpassed a market cap of $40 million, approaching its all-time high of $44 million, with a 24-hour increase of 28.7% and a 24-hour trading volume exceeding $19.2 million.Public information indicates that Punch is inspired by a viral monkey from the Ichikawa City Zoo and Botanical Garden in Japan.BlockBeats reminds users that meme coin trading is highly volatile, largely driven by market sentiment and hype, lacking practical value or use cases, and investors should be aware of the risks.

BlockBeats News, February 22: Trump posted, stating that yesterday's U.S. Supreme Court ruling on tariffs was absurd and clumsy. Hereby declared, as President of the United States of America, I will immediately raise the 10% global tariff imposed on many countries to a fully legal and legally tested 15% level. Many of these countries have been 'exploiting' the United States for decades without any punishment. In the coming months, the Trump administration will identify and announce new legal tariffs, which will continue our extraordinary process of making America great again—greater than ever before!Yesterday, Trump signed a new tariff document imposing a 10% import tariff on all countries. The announcement stipulates that within 150 days, a 10% import tariff will be levied on goods imported into the United States, effective at 00:01 Eastern Standard Time on February 24.