PONS market capitalization briefly reaches $990 million, setting new high

  • PONS briefly reached a $990 million market capitalization on September 6.
  • GMGN listed PONS at $860 million, up 28% in 24 hours, with $109.2 million volume.
  • Pons uses WETH fees for PONS buybacks and burns PONS-denominated fees.

PONS, the platform token of Pons on Robinhood Chain, briefly reached a $990 million market capitalization on September 6 before retreating to $860 million. GMGN data showed a 28% gain over 24 hours and $109.2 million in trading volume. The peak exceeded an earlier GMGN reading above $910 million, while other prior market snapshots ranged from $627 million to about $855 million. PONS had previously climbed 4,773.6% in one month from $0.019 to about $0.9375, with separate CoinGecko data for September 5 showing a 4,583.3% increase. The rally followed Pons' disclosure that Uniswap Labs had purchased PONS for long-term alignment, though transaction terms were not disclosed. Pons supports fixed-supply token launches and uses a WETH-fee buyback and PONS burn mechanism. Its growth has also coincided with Robinhood Chain's temporary gas waiver, scheduled to end around September 29.

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