$PONS Price Rally Continues as Robinhood Chain Activity Surges
$PONS debuted on Robinhood Chain after several launchpads became operational, but it has emerged as the leading platform by trading volume, revenue and price performance.
The altcoin has reached new highs each day since August 23. $PONS gained 49% over the past 24 hours and 425% over the past seven days, while trading volume remained elevated at approximately $116 million.
What Is Driving the $PONS Rally?
Growing market reach is one of the main factors behind the token’s surge. $PONS has been listed on multiple decentralized and centralized exchanges. One day after its debut on Hyperliquid DEX, the token was listed on Bybit, where its perpetual contracts offer leverage of up to 20x.
Analysis of activity on Robinhood shows that $PONS ranks among the platform’s top-trending products for both activity and sentiment. It accounts for 7% of Robinhood’s mindshare, behind Ethereum [ETH], Bitcoin [BTC] and Solana [SOL].
According to KAITO AI, two-thirds of all tokens launched on Robinhood Chain went through $PONS. More than 517,000 tokens have been created, with combined trading volume exceeding $4 billion.
Source: KAITO AI
$PONS has also generated the highest fees of any launchpad on the chain, with daily revenue exceeding $500 million. The platform used 80% of those fees to buy back the token, tightening its supply.
As the buyback and burning activity continued, nearly one-third of the token supply was permanently removed.
Whale Holdings Support $PONS Momentum
Capital inflows have remained strong even among whales who have already secured substantial gains. For example, a whale who purchased both $CASHCAT and $PONS continued to hold profits from the latter.
After selling the entire $CASHCAT position and locking an initial $113,000 stake in $PONS, the whale still held 9.1 million $PONS tokens, representing $4.20 million in unrealized profits.
Source: Lookonchain
Bonk Guy, who bought 1% of the supply when the token had a $6 million market capitalization, is also still holding. The position generated $5 million in profits last week.
Can $PONS Reach a $1 Billion Valuation?
Continued interest from whales and key opinion leaders could help $PONS approach a $1 billion valuation. The token has posted new highs for 10 consecutive days, while its Bollinger Bands point to elevated volatility.
The cumulative volume delta also confirms strong buying activity. More than 2.18 million $PONS tokens had been purchased at press time.
Source: $PONS/USDT on TradingView
However, the psychological $0.50 level could present a short-term challenge. If buyers push the token above that threshold, $PONS could open a path toward $1.
Key Takeaways
- $PONS gained 49% in 24 hours and reached a new peak near $0.49, while platform trading volume exceeded $4 billion.
- The token has maintained a 10-day rally as bulls target a $1 billion valuation.
- The $0.50 level could become a key test if buying momentum begins to weaken.
