The official Pons account on X shared an update on token burn progress: 29% of the total PONS supply has been burned, and the Pons Treasury continues to use 80% of protocol fee revenue to accumulate more PONS. According to GMGN market data, PONS, the token within the Robinhood Chain ecosystem, has surpassed a market cap of $214 million, setting a new all-time high, and is currently trading at $208 million with a 24-hour increase of 61.32%.
Pons burns 29% of PONS supply, token value reaches $208M
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Summary
Pons announces a 29% token burn, with the Pons Treasury using 80% of protocol fees to repurchase PONS. The Robinhood Chain token now has a market cap of $208 million, up 61.32% in 24 hours. This follows increasing interest in new token listings and token launch announcements across major exchanges.
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