Odaily Planet Daily reports: Robinhood’s on-chain token launch platform, PONS, briefly surpassed a $500 million market cap this morning, setting a new all-time high. The top single-token profit address accumulated a position worth $113,700 49 days ago, after the token’s market cap reached $10 million; it reduced its position by $117,100 after the market cap hit $100 million, recouping its initial investment, and currently holds tokens valued at $4 million, representing a paper return of 35x.
PONS token holder earns 35x return, still holds $4 million worth
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Summary
A PONS token holder has achieved a 35x return in 49 days while still holding $4 million worth. The investor initially purchased $113,700 worth when the market cap reached $10 million, cashed out $117,100 at a $100 million market cap, and retained the remainder as the token briefly peaked above $500 million. Among altcoins to watch, PONS is now listed among the top altcoins demonstrating strong short-term performance.
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