PONS, the native token of the Pons platform on the Robinhood Chain network, was trading at $0.5978 on September 3, carrying its market cap above $430 million, up 31.82% in 24 hours and over 18,000% since its July 17 low of $0.0033. A $1,000 investment on that date would be worth approximately $181,000 today. The Pons platform, a meme coin factory comparable to Pump.fun on Solana, generated $5.95 million in daily fees on September 3, ranking fourth among all crypto protocols tracked by DefiLlama. Binance Wallet added PONS to its Alpha trading tier on September 2. Approximately 29% of the initial 1 billion tokens, or 288 million, have been burned, while 80% of platform revenue funds an automatic buyback-and-burn mechanism.
Source: Read the original article
