Robinhood Chain Ecosystem Token PONS Market Cap Briefly Exceeds $39 Million, Hits All-Time High
On July 21, according to GMGN monitoring, the market cap of Robinhood Chain ecosystem token PONS briefly exceeded $39 million, hitting an all-time high. It is now reported at $34 million, up 110% in 24 hours, with a trading volume of approximately $10 million during the same period. PONS is the platform token of Pons, Robinhood Chain's native token issuance platform. The platform supports the creation and issuance of fixed-supply tokens. It uses collected WETH fees to buy back PONS and directly burns collected PONS fees. It is considered by some communities as pump.fun on Robinhood Chain.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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