PONS up 46% as market cap crosses $300M on buyback rally

PONS rose 46% to $0.49 as its market capitalization crossed $300 million, extending a 10-day streak of record highs on the Robinhood Chain launchpad.

KAITO AI data shows PONS holds 7 percent of Robinhood's mindshare, trailing only Ethereum, Bitcoin, and Solana. Two-thirds of every token launched on Robinhood Chain went through PONS, with over 517,000 tokens created and cumulative trading volume surpassing $4 billion.

The rally is underpinned by a buyback mechanism that ties protocol revenue to token price. PONS generated over $500 million in daily revenue, the highest of any launchpad on-chain, with 80 percent of fees used to repurchase the token. Nearly a third of the total supply has been permanently burned through this process, tightening float as demand accelerates.

The token's market reach has expanded rapidly. A day after debuting on Hyperliquid DEX, PONS secured a Bybit listing with perpetual pairs offering up to 20x leverage. The exchange listings widened access to both spot and derivatives traders, contributing to the 425 percent gain over the past seven days.

Whale accumulation remains intact even at elevated prices. A wallet that spent 792.4 ETH to acquire 5.24 million PONS tokens at an average $0.37697 now holds an unrealized gain of roughly $313,000, according to Lookonchain data. Another whale who bought both CASHCAT and PONS locked his initial $113,000 stake and still holds 9.1 million PONS worth $4.20 million in unrealized profits. Bonk Guy, who purchased 1 percent of the supply at a $6 million market cap, has made $5 million in profits and continues holding.

The token's cumulative volume delta shows more than 2.18 million PONS bought at press time, reinforcing trader conviction. However, technical indicators flash caution. RSI(14) sits at 72.98, overbought territory, while Bollinger Bands signal elevated volatility. A pullback to the 50-EMA support at $0.19 would represent a 60 percent drawdown from current levels.

The psychological $0.50 level is the next hurdle. Clearing it could expose a path toward $1, which would put PONS at roughly a $1 billion valuation. The 20x leverage perpetuals on Bybit suggest speculative positioning is stretched, leaving the token vulnerable to sharp corrections if buyback-driven demand fades. Trading volume remains moderately high at around $116 million, providing liquidity but also the potential for rapid unwinding.

This article is for informational purposes only and does not constitute investment advice.