X @wale.moca 🐳

Business Model & Sustainability - Punk Strategy generates revenue from fees, even when prices decline [1] - The model's viability hinges on consistently high trading volume and listed Punks selling at a 20% premium (1.2x) to facilitate fund redeployment into $PNKSTR [1] - Concerns exist that Punk Strategy might fail due to its reliance on high volume and premium sales [1] Financial & Operational Risks - A 10% tax is considered high, potentially reducing trading activity [1] CryptoPunk Market Activity - Punk Strategy recently acquired a CryptoPunk for $217,000 USD [1]