PONS market cap briefly exceeds $700M before retreating to $617M

KuCoinFlash

Release Time: 2026/09/06 00:33:24

PONS

$0.5487-22%

Summary

Market news broke early on September 6, 2026, as the PONS market cap briefly reached $700 million before retreating to $617 million. The token rose over 26% in 24 hours. Pons revealed that 29.34% of the supply has been burned, with 80% of protocol fees allocated to buybacks. Bitcoin market news also saw steady movement as broader crypto markets responded to the token’s surge.

Odaily Planet Daily reports, according to GMGN data, PONS's market cap briefly surpassed $700 million early this morning, setting a new all-time high; it is currently trading at $617 million, with a 24-hour increase of over 26%.

In addition, Pons stated that, as of now, 29.34% of the total PONS token supply has been burned, and 80% of the fees generated by the protocol will continue to be used for PONS buybacks.

Odaily reminds users that Meme coins are highly volatile; investors should proceed with caution.

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