NFT collector punk6529 has shared insights on PunkStrategy (PS), suggesting it could positively influence the long-term floor price of CryptoPunks. Described as an inventory-based market-making mechanism, PS differs from traditional buy-and-hold strategies by generating market-making funds through token transaction taxes, which are then re-listed at higher prices. While PS may not outperform in a declining market, it holds potential profitability in a bullish scenario, particularly for those optimistic about CryptoPunks' future. Despite its limitations, PunkStrategy is seen as a permanent on-chain experiment, with similar initiatives likely to emerge.
PunkStrategy's Impact on CryptoPunks Floor Price Analyzed by NFT Collector
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