PONS Token Surges 360% in a Week Amid Robinhood Chain Boom

• The PONS token has surged by more than 360% in seven days.
• Its market cap has topped $500 million.
• The Pons platform generated a record $5.95 million in fees in 24 hours.
• The project outperformed even the Robinhood Chain network itself by this metric.

The Pons launchpad, used to launch native tokens on the Robinhood Chain network, has set a new all-time high for daily fees. According to DeFiLlama, the figure reached $5.95 million.

This allowed Pons to rank fourth among all protocols by daily fees and to outpace Robinhood Chain itself. The figure also came in higher than platforms such as Hyperliquid and Fomo.

According to Pons itself, over the past 24 hours, roughly $400 million in trading volume passed through the platform. As a result, Pons accounted for more than 63% of all launchpad trading volume on Robinhood Chain over that period.

PONS Token Surge

In addition, the platform has a native token, PONS. Against the backdrop of rising activity, it has jumped sharply, with its price up more than 360% in seven days, topping $0.5, while the token’s market cap — $500 million.

Traders’ positions

Lookonchain analysts drew attention to the activity of certain traders. In particular, one user transferred $54,000 to the Aster exchange, then opened a long position with 4x leverage for 447,135 PONS worth about $226,000. At the time of publication, the unrealized profit on the position was about $8,600, or 15%.

Another trader under the pseudonym Ogle, who is linked to World Liberty Financial, according to Lookonchain, turned an initial $4,997 into $5.4 million on PONS. He first bought 10.607 million PONS when the project’s market cap was about $470,000. The address currently holds 10.9 million tokens worth approximately $5.58 million.

At the same time, another market participant failed to capitalize on the token’s rise.

A month ago, he spent 181 ETH ($443,000) to buy 7.99 million PONS. After the price dropped, the trader sold the entire position for 135,000 USDG, locking in a loss of about $308,000.

At the current price, those same 7.99 million PONS would be worth about $3.46 million. If the trader had not sold the assets, the potential profit on the position would have exceeded $3 million.

As a reminder, we previously reported that a trader missed the chance to earn more than $2 million after selling the PONS memecoin.

Сообщение PONS Token Surges 360% in a Week Amid Robinhood Chain Boom появились сначала на INCRYPTED.