PONS surged 13% over the past day, driven by bullish sentiment and protocol-backed buying activity. The protocol generated approximately $19.64 million in earnings in September and channeled $13.82 million into its buyback program. Fees increased from $2.49 million to $2.95 million. Open Interest reached $188.57 million while the Funding Rate remained significantly positive at 0.0201%, indicating strong bullish positioning in derivatives markets. The Whale Retail Delta stood at 0.101%, confirming whale dominance despite a decline from September 17 levels. The durability of the rally could depend on strengthening Spot buying as whale influence gradually decreases.
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