Ethereum's $PNKSTR token experienced a dramatic 160% surge over two days, peaking at a $50 million market cap before settling around $43 million. The token, developed by TokenWorks, employs a flywheel mechanism that allocates 10% of each trade to fund the purchase and resale of CryptoPunks NFTs, with 8% of fees reinvested into the protocol. This innovative approach has led to 12 complete buy-sell cycles of CryptoPunks and a 2.8% burn of the total supply. TokenWorks, previously known for projects like $O on Shape Network, has expanded its NFTStrategy to include collections such as BAYC, Pudgy Penguins, Moonbirds, Meebits, and CryptoDickbutts. Despite the success, the absence of automated purchasing bots has created arbitrage opportunities, with one address reportedly earning $813,400 in just three hours. TokenWorks plans to introduce a new NFTStrategy token daily for a week to further capitalize on this model.