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The fact that this triggers upon entering itself also makes it a top choice for Dinosaur commanders on EDHREC (just behind Gishath)

While Spider-Punk is on the battlefield, spells and abilities can still be the target of another spell or ability that would normally counter them, but they won't be countered as that spell or ability resolves

Devoid (This card has no color.) When Drowner of Hope enters the battlefield, put two 1/1 colorless Eldrazi Scion creature tokens onto the battlefield

The other significant reason has been due to counterspells becoming more mana efficient

This spell can be used to bounce something back that came under your counter shell and then countered

That tracks with the 28% estimate I came up with three years ago when MH2 came out