A Solana-based memecoin called PUNCH recorded a sharp price surge of over 300% in the early morning hours of February 20, UTC+1. CoinGecko data shows the token A Solana-based memecoin called PUNCH recorded a sharp price surge of over 300% in the early morning hours of February 20, UTC+1. CoinGecko data shows the token

Solana-Based PUNCH Climbs 300% as Andrew Tate Connection Circulates

2026/02/20 17:48
3 min read

A Solana-based memecoin called PUNCH recorded a sharp price surge of over 300% in the early morning hours of February 20, UTC+1. CoinGecko data shows the token reached a new all-time high of $0.038 within 24 hours amid heightened online attention.

The rally appeared to be driven by viral discussions linking the token to influencer Andrew Tate. The surge also coincided with a widely shared animal rescue story that gained traction across social media.

Punch Memecoin Price ChartPUNCH Memecoin Soars on Andrew Tate Links

From Viral Rescue Story to Crypto Market Attention

PUNCH lives on the Solana network and draws its theme from a real baby monkey named Punch that recently went viral online. The emotional clip showed the young monkey clinging to a stuffed toy after rejection from other primates.

The video spread rapidly across social platforms as viewers reacted to the animal seeking comfort from the toy like a surrogate mother. Many users expressed sympathy, while others began creating memes and fundraising suggestions tied to the story.

Momentum intensified on February 19, 2026, as the story reached a wider audience. News outlet The Insider Paper reported comments from Tristan Tate about buying the monkey for $250,000, which further amplified attention. Andrew Tate replied publicly by asking for bank details, which fueled further discussion on X.

The exchange quickly attracted thousands of reactions on X and pushed the story far beyond animal welfare circles. Attention soon shifted from the monkey itself to the Solana token sharing the same name.

Market Hype and Manipulation Concerns

Market activity around PUNCH spiked soon after, with on-chain trackers showing a rapid expansion in volume and valuation. Some commentators framed the move as a direct response to the Tate-related headlines rather than as a change in the project itself.

At the same time, analysts raised concerns about potential market manipulation. On-chain analyst WhiteWhaleLabs flagged suspicious activity tied to a specific wallet. The analyst described repeated market buys followed by narrow liquidity placement on Orca, allegedly limiting upward movement.

WhiteWhaleLabs stated that such behavior undermines fair markets, regardless of intent, and urged the wallet operator to remove the artificial pressure. The warning added a cautionary tone amid enthusiasm for the token.

The Tate brothers have previously been linked to several volatile memecoin episodes on Solana. Their indirect association with PUNCH now adds another example of how viral narratives can rapidly reshape crypto market behavior.

The post Solana-Based PUNCH Climbs 300% as Andrew Tate Connection Circulates appeared first on CoinTab News.

Market Opportunity
PUNCH Logo
PUNCH Price(PUNCH)
$0.033214
$0.033214$0.033214
+146.76%
USD
PUNCH (PUNCH) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

US crypto bill and xrp price implications as Garlinghouse sees 90% chance of Clarity Act by April

US crypto bill and xrp price implications as Garlinghouse sees 90% chance of Clarity Act by April

As Washington debates the US Clarity Act, explore potential impacts on xrp price and how regulators may shape institutional crypto flows.
Share
The Cryptonomist2026/02/20 18:49
Will Pi Network Price See a Surge After the Mainnet Launch Anniversary?

Will Pi Network Price See a Surge After the Mainnet Launch Anniversary?

The post Will Pi Network Price See a Surge After the Mainnet Launch Anniversary? appeared on BitcoinEthereumNews.com. Pi Network price has surged significantly
Share
BitcoinEthereumNews2026/02/20 20:33
BDACS, Woori Bank Launch South Korea’s First Won-Backed Stablecoin on Avalanche

BDACS, Woori Bank Launch South Korea’s First Won-Backed Stablecoin on Avalanche

The post BDACS, Woori Bank Launch South Korea’s First Won-Backed Stablecoin on Avalanche appeared on BitcoinEthereumNews.com. In brief Digital asset custodian BDACS has launched KRW1, South Korea’s first fully regulated won-backed stablecoin, through a partnership with Woori Bank. Each token maintains full collateralization with Korean won held in Woori Bank escrow, according to BDACS. The launch comes amid competing parliamentary bills that debate interest payments and capital requirements for stablecoin issuers. Digital asset custodian BDACS has launched KRW1, South Korea’s first fully regulated won-backed stablecoin, in partnership with Woori Bank. The announcement follows completion of a proof of concept validating technical infrastructure spanning fiat deposits, token issuance, and blockchain verification, as per a Thursday press release. Each KRW1 token maintains full collateralization through South Korean won held in escrow at Woori Bank, with real-time banking API integration providing transparent proof of reserves, according to BDACS’ statement. The company trademarked the KRW1 brand in December 2023, building infrastructure before the advent of formal regulations. KRW1 launched on the Avalanche blockchain, chosen for its “high-performance capabilities” and recognition by Korea’s Internet & Security Agency for “reliability in public-sector applications.” “The successful test pilot of KRW1 demonstrates the need for a highly-performant and reliable blockchain tailored for a regulatory-compliant stablecoin,” Justin Kim, Head of Asia at Ava Labs, said in the statement. BDACS envisions KRW1 serving remittances, payments, investments, and deposits, with public-sector deployment planned for low-cost payment and settlement systems in emergency relief disbursements. The company plans to expand KRW1 to additional blockchains and explore collaborations with global stablecoin networks, including potential partnerships with USD-backed issuers Circle and Tether, according to the press release. Stablecoins in Asia South Korean internet giant Kakao is also developing a won-pegged token through its Kaia blockchain, having registered trademarks including “KRWGlobal” and “KRWKaia” in August, Decrypt reported earlier. The launch comes as Korea’s neighbors advance their own stablecoin initiatives, with Japan’s JPYC…
Share
BitcoinEthereumNews2025/09/18 19:28