Back

WOJAK on Ethereum Surges Above $40 Million Market Cap Before Easing

A separate Ethereum-based meme coin tied to the CryptoPunks holder network briefly reached a reported market capitalization above $14 million after an extreme intraday surge, underscoring continued volatility in speculative token trading.

ETH

Fact Check
The claim contains two factual components, and both are supported by the supplied source leads. For WOJAK, Odaily's flash "WOJAK 市值突破 4000 万美元，日内涨超 320%" says GMGN data showed the ETH meme coin exceeded $40 million market cap, while the later flash "WOJAK 市值短时突破新高，日内涨超 100%" places it around $43.19 million after briefly making a new high, which matches 'surges above $40 million market cap before easing.' For the separate token, Odaily's "PUNK 市值突破 1400 万美元，日内涨超 3300 倍" says the Ethereum-based meme coin PUNK briefly exceeded $14 million market cap and describes it as built around the CryptoPunks holder network, matching the claim's second sentence closely. Bitget provides weaker independent corroboration for the WOJAK figure, but the strongest evidence is still the Odaily reports citing GMGN data. No conflicting evidence was found in the collected sources.
    Reference: 
Summary

New content introduces a different Ethereum meme coin, PUNK, rather than WOJAK. PUNK’s market capitalization was reported above $14 million and later at $13.3 million after an intraday gain of more than 3,300x. The token is linked to the CryptoPunks holder network, with 50% of supply airdropped to 3,987 addresses. The report also said about 10% of total supply was sent to a burn address during failed batch trades. Because this update concerns a different token than the existing WOJAK topic, the original topic should not be substantively updated.

Terms & Concepts
  • Market capitalization: The total value of a token’s circulating supply, calculated by multiplying price by circulating units.
  • Meme coin: A cryptocurrency largely driven by internet culture, community attention, and speculative trading rather than utility.
  • Ethereum: A blockchain network that supports tokens and smart contracts (self-executing blockchain code).