Pons (PONS), the token of Pons Labs’ non-custodial fixed-supply launchpad on Robinhood Chain, is shifting from an on-chain meme-token boom toward a broader trading market as exchanges respond to established demand. Binance Alpha added PONS on Sept. 2, 2026, after which the price surged to about $0.52; the listing amplified momentum already building around Robinhood Chain speculation rather than creating it alone, leaving spot activity dominant. The launchpad has processed over $5 billion within two months of launch, while daily transaction volume rose from under $100 million in August to more than $500 million by month-end. About 80% of protocol revenue flows into buybacks, translating into roughly $640,000–$800,000 of daily buying power, with nearly $2 million awaiting deployment and incoming revenue still outpacing purchases; nearly 30% of supply is reportedly burned. That demand-side support faces concentrated sell-side risk from early holders: World Liberty Financial adviser Ogle turned a $4,997 purchase near a $470,000 market capitalization into about 10.9 million PONS worth roughly $5.58 million, an approximately 1,080-fold gain, while Arkham previously linked multi-million-dollar unrealized weekly gains on PONS to another large address. Sustained spot volume and whether buybacks can absorb early-holder distribution remain central to the story.