ME News reports that on August 29 (UTC+8), according to GMGN monitoring, the Robinhood Chain ecosystem token PONS briefly surpassed a market cap of $158 million, setting a new all-time high, before retreating to $148 million. PONS rose 29.20% over the past 24 hours, with a corresponding trading volume of approximately $15.3 million. PONS is the native platform token of Pons, the native token issuance platform on Robinhood Chain. The platform enables the creation and issuance of fixed-supply tokens, using collected WETH fees to repurchase PONS and directly burning PONS fees collected. Some community members regard it as the Robinhood Chain equivalent of Pump.fun. BlockBeats reminds users that tokens of this nature exhibit significant price volatility—invest with caution. (Source: BlockBeats)
PONS Market Cap Surpasses $158M, Reaches New All-Time High
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Summary
On August 29 (UTC+8), PONS’s market cap reached $158 million according to on-chain data, setting a new all-time high. The token later stabilized at $148 million, up 29.20% in 24 hours with $15.3 million in trading volume. PONS is used on the Pons platform, which enables fixed-supply token creation and employs WETH and PONS fees for buybacks and token destruction. With the Fear & Greed Index indicating elevated market sentiment, BlockBeats warns of significant price volatility and advises caution.
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