PONS jumps 12.55% in an hour as market value tops $360 million

  • PONS rose as Pons’ token issuance platform gained attention on Robinhood Chain.
  • PONS reached a $360.8 million market capitalization after gaining 12.55% in one hour.
  • Pons lets users issue fixed-supply tokens and uses fees for buybacks and burns.

PONS, the native token of Pons, rose 12.55% over one hour, lifting its market capitalization to $360.8 million, according to BlockBeats, a crypto-focused media outlet, on Aug. 31. Pons operates on Robinhood Chain and lets anyone create and issue tokens with a fixed supply. The platform uses WETH (wrapped Ether) collected through fees to buy back PONS, while fees paid in PONS are burned. That tokenomic structure has prompted some community members to compare Pons with Pump.fun on Robinhood Chain.

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PONS jumps 12.55% in an hour as market value tops $360 million - CoinPost Terminal