PONS has crashed 71% from its all-time high, dropping from $0.9725 to $0.2897 over nearly a month and a half. Its market cap fell below $200 million for the first time since August. Robinhood Chain activity has also collapsed, with a 95% decline in fees and daily DEX volumes. Despite this weakness, buyers are starting to return, with the long/short ratio exceeding 1.41 across exchanges.
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