PONS Jumps 12.55% in an Hour, Lifting Market Cap Above $360 Million
Minseung Kang
Summary
- PONS, the native token of Pons, a token issuance platform built on Robinhood Chain, jumped more than 12% in an hour, pushing its market capitalization above $360 million.
- According to BlockBeats, a crypto-focused media outlet, PONS market capitalization stood at $360.8 million, while its gain over the past hour reached 12.55%.
- The platform uses WETH collected through fees for PONS buybacks, while fees paid in PONS are burned, leading some to compare it with Pump.fun on Robinhood Chain.
Forecast Trend Report by Period
PONS, the native token of Pons, a token issuance platform built on Robinhood Chain, jumped more than 12% in an hour, pushing its market capitalization above $360 million.
Crypto-focused media outlet BlockBeats reported on Aug. 31 that PONS had a market value of $360.8 million. The token was up 12.55% over the past hour.
PONS is the native token of Pons, a Robinhood Chain-based platform that allows anyone to create and issue tokens with a fixed supply.
The platform uses WETH collected through fees to buy back PONS, while fees paid in PONS are burned. That structure has led some community members to compare Pons with Pump.fun on Robinhood Chain.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.