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buy back and burn mechanism
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X @Xeer
Xeer· 2025-09-16 07:38
RT Xeer (@Xeer)In order to test the second flywheel, @token_works the creator of Punk Strategy bought one of the 6 punks to activate the buy back and burn mechanism.The ETH from the sale was used to buy back and burn $PNKSTR effectively reducing the overall supply.That single move sent the market cap from 13.5m to 20m almost instantly. ...
X @Xeer
Xeer· 2025-09-15 17:23
In order to test the second flywheel, @token_works the creator of Punk Strategy bought one of the 6 punks to activate the buy back and burn mechanism.The ETH from the sale was used to buy back and burn $PNKSTR effectively reducing the overall supply.That single move sent the market cap from 13.5m to 20m almost instantly. ...