The current real-time price of PAST is $0.3889. In the past 24 hours, PAST has traded between $0.2985 and $0.4274, showing strong market activity. The all-time high of PAST is $3.41, and the all-time low is $0.0458.
From a short-term perspective, the price change of PAST over the past 1 hour is , over the past 24 hours is +0.20%, and over the past 7 days is +22.53%. These figures provide a quick overview of the latest price trends and market dynamics of PAST on LBank.+20.54%
The live price of PAST today is $0.3889, with a current market cap of $438.356K. The 24-hour trading volume is 177.04. The price of PAST to USD is updated in real time.
Before deciding whether to buy or sell PAST, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s PAST technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for PAST.
How much will PAST be worth tomorrow, next week, or next month in ? What about your PAST assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! PAST Price Prediction
To learn more about PAST, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x7045...03e506  | 209.999K | 18.63% |
ethereum | 0x5b37...7fae37 | 137.120K | 12.17% |
ethereum | 0xa5c1...a0c8d8 | 40,000 | 3.55% |
ethereum | 0x7dc2...294893 | 38,000.00 | 3.37% |
ethereum | 0x9d5e...93d310 | 37,856 | 3.36% |
Other | 664.118K | 58.92% |
Punk Auction is a decentralized, perpetual auction protocol designed to acquire CryptoPunks from the market and re-auction them. The system operates autonomously using its treasury to facilitate a continuous cycle of demand. By acquiring these high-value NFTs and putting them up for auction, the protocol creates a mechanism where the native $PAST token is utilized and subsequently removed from circulation through a burning process.
The protocol utilizes a Dutch Auction mechanism for selling acquired CryptoPunks. In this format, the starting price is set high and automatically decreases over time according to a set decay function. The auction concludes when a participant places a bid at the current price level. This method is designed to let the market determine the fair value of each Punk in terms of the $PAST token, ensuring transparency in the price discovery process.
A central feature of the Punk Auction protocol is its deflationary mechanism. When a user wins an auction for a CryptoPunk, the $PAST tokens used for the winning bid are permanently burned. By destroying these tokens, the protocol effectively reduces the total circulating supply. This burning process is intended to create scarcity as more auctions are successfully completed, directly linking the acquisition of NFTs to the reduction of the token supply.
$PAST is backed by ETH through a bonding curve contract. This technical structure ensures that there is liquidity available within the protocol for minting and redemption. The supply of $PAST is dynamic rather than fixed; it increases when users deposit ETH to mint new tokens via the bonding curve and decreases whenever tokens are burned following a successful auction. The token's internal protocol value is directly tied to the ETH held in the bonding curve.
Users can acquire $PAST through two primary methods. First, they can mint tokens directly from the protocol by depositing ETH into the bonding curve. Second, $PAST can be obtained through secondary markets, including platforms like LBank and various decentralized exchanges. Users can manage these transactions using standard Web3-compatible wallets to participate in the ecosystem and its deflationary auction model.
The protocol treasury acts as a permissionless, autonomous buyer within the NFT market. It is programmed to acquire CryptoPunks based on specific internal parameters, typically targeting assets at or near the current floor price. Once purchased, these Punks are entered into the perpetual auction cycle. This design allows the protocol to act as a consistent buyer in the ecosystem while fueling the $PAST token's utility and burn mechanism.
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