PONS [PONS] has surged 49% in 24 hours and 425% over seven days, reaching a new peak of $0.49 after debuting on Robinhood Chain. The altcoin has made new highs daily since August 23, with trading volume around $116 million. Over 517,000 tokens have been created on the chain via PONS, contributing to total trading volume exceeding $4 billion. The platform generated over $500 million in daily revenue from fees, with 80% used to buy back and burn the token, permanently clearing nearly one-third of the supply. Whales such as Bonk Guy remain heavily invested, with one holding $4.2 million in unrealized profits.
PONS debuted on Robinhood Chain after launchpads became operational on the chain. The platform now leads other launchpads in volume, revenue, and price surge.
The altcoin has made new highs each day since August 23. It was up 49% in the past 24 hours and 425% in the past seven days, with trading volume at approximately $116 million.
Increasing market reach is a key driver. PONS has been listed on several DEXs and CEXs, including Bybit with perpetual pairs offering up to 20x leverage.
On Robinhood Chain, PONS holds 7% of mindshare, behind Ethereum, Bitcoin, and Solana. Two-thirds of every token launched on Robinhood Chain went through the platform, with over 517,000 tokens created and total trading volume surpassing $4 billion.
PONS generated the highest fees of any launchpad on-chain, exceeding $500 million in daily revenue. According to the platform, 80% of fees went to buying back the token, and nearly a third of the supply was permanently cleared.
A whale who bought both CASHCAT and PONS cashed out the full CASHCAT position. He locked his initial PONS stake of $113,000 and still holds 9.1 million PONS worth $4.20 million in unrealized profits.
Bonk Guy, who bought 1% of the supply at a $6 million market cap, is still holding. He made $5 million in profits last week, as stated.
The token has consistently made new highs for 10 days, with Bollinger Bands indicating high volatility. The cumulative volume delta (CVD) reinforces buying activity, with over 2.18 million PONS bought at press time.
The psychological level of $0.50 could be a challenge going forward. Once cleared, it could expose a path toward $1.
