The post PUNCH Whale Cashes $550K, Still Holds $1M Tokens appeared on BitcoinEthereumNews.com.

Punchkun.sol bought nearly 10% of PUNCH for $8K; holdings peaked above $3.1M before the pullback The wallet realized $550K in gains, with $530K transferred to Binance per on-chain records PUNCH has dropped 70% from its high; the whale still holds about $1M in remaining tokens A major holder of PUNCH has drawn attention across crypto markets after turning an $8,000 investment into millions at peak value. The investor secured more than $550,000 in realized gains during the rally, yet continues to hold tokens now worth around $1 million despite a 70% decline from the top. Early Entry Built a Large Supply Position Blockchain data shows that the wallet identified as punchkun.sol accumulated close to 10% of the total PUNCH supply for roughly $8,000. The purchase took place before a rapid price increase that significantly expanded the token’s market capitalization and trading volume across decentralized platforms. THIS GUY ROUNDTRIPPED $2 MILLION ON $PUNCH – BUT HE’S STILL HOLDING punchkun.sol purchased almost 10% of the supply of PUNCH for $8,000. He turned that into over $3.1M at the top – and cashed out over $550K from his stack of PUNCH along the way. $530K of this was deposited to… pic.twitter.com/QAAjZ5rQJY — Arkham (@arkham) March 3, 2026 As momentum accelerated, the value of the holdings rose to more than $3.1 million at the peak. During that period, the wallet sold part of its allocation and secured profits exceeding $550,000 while still maintaining a substantial share of the supply. On-chain transfer records confirm that approximately $530,000 of realized proceeds were deposited to Binance. The remaining tokens stayed in the original wallet, where they are still visible through public blockchain explorers. Sharp Correction Reduced Unrealized Gains Following the peak, PUNCH entered a steep correction and fell by nearly 70% from its high. This price drop…

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Filed under: News - @ March 3, 2026 11:25 pm