PONS generated $1.34 million in revenue on Sept. 10, according to well-known trader Bonk Guy, who said the day was not yet over. Despite activity on the Robinhood chain cooling in recent days, he cited approximately $202 million in annualized revenue and a $434 million market value for PONS. The protocol's buyback wallet held $3.7 million and was rapidly accumulating funds, with new revenue arriving faster than the wallet was spending. Those funds are being used to purchase PONS tokens through TWAP (time-weighted buying), a method that spreads orders over time. Bonk Guy argued that a protocol producing more than $200 million in annualized revenue is being valued at only $434 million, describing it as an asset worth billions trading at a fraction of that value. He called PONS one of the most undervalued protocols in crypto and said the market could not continue ignoring it. PONS is currently Bonk Guy's largest portfolio position, valued at $6.9837 million, with a 10,213.81% return.