In a gallon-sized pitcher or bowl, add pineapple juice, frozen limeade concentrate (no need to thaw), and kool-aid packets. Stir and mash limeade until incorporated. Add lemon-lime soda and gently stir to combine.
Optionally, top punch bowl with sliced strawberries or cranberries, or use as a garnish on individual punch glasses. Serve cold.
To make ahead - Combine punch in a pitcher, omitting lemon-lime soda, then store in refrigerator until ready to serve. Add lemon-lime soda just before serving.
Add an ice ring (made in a bundt pan) or large ice cubes to punch bowl to keep cold for several hours while serving.