PUNCH Solana Meme Coin Sees 80,000% Surge, Analysts Warn of Rug-Pull Risk

PUNCH, a Solana meme coin inspired by a viral baby macaque story, has surged over 80,000% since launch. However, analysts flag concentrated supply and rug-pull risk, with the creator distributing 10% of the supply shortly after launch. Three linked wallets control 7.75% of the supply, raising concerns of a tightly managed memecoin.