Key Takeaways

• A trader turned an $8,000 investment in the PUNCH memecoin into more than $3.1 million at its peak.

• The wallet cashed out over $550,000 — including $530,000 sent to Binance — yet continues to hold a sizable position.

• The token is inspired by Punch, a viral Japanese zoo macaque whose story has drawn global attention.

A crypto trader turned an $8,000 bet on a memecoin inspired by a viral Japanese zoo monkey into more than $3.1 million at its peak, according to blockchain analytics platform Arkham Intelligence, even as the token has since plunged roughly 70% from recent highs.

But as the PUNCH memecoin collapsed in price, the remaining holdings have fallen to around $1 million, with the market now…