Uniswap Labs acquired PONS on September 3rd, strengthening the connection between the two platforms through Uniswap V4 hooks integration in Pons V2. The token reached a new all-time high of $0.75 before retracing to around $0.66, with a 35% gain on the day. The Binance Alpha listing on September 2nd propelled the token into CoinMarketCap’s top 100 with a $467 million market capitalization. Speculative activity intensified with Open Interest up 64% to $74.8 million and Derivatives Volume up 63% to $308 million. The Relative Strength Index climbed to 91, signaling overbought territory and raising questions about the sustainability of this bullish movement.
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