Logged PNKSTR at 55M market cap on 28 Sep 2025 as evidence of the NFT rotation. Now at 11M with no volume. Kept on the tape as a lesson.
Thesis
- NFT-backed strategy tokens were the first sign of the NFT rotation that later produced StonkBrokers on Robinhood Chain.
- The desk logged the level, not a position. The lesson: rotations are real but the first token to catch them is rarely the one that keeps the bid.
Risks
- Zero 24-hour volume at last check. This is a chart, not a market.
“friendly reminder NFT's are back.”@MemeIndexer, 2 Oct 2025 on X