PONS Hits Record Market Cap of $39 Million on July 21, Up 110% in 24 Hours

According to GMGN, PONS, the ecosystem token of Robinhood Chain, hit a record market cap of $39 million on July 21. The token surged 110% in 24 hours, currently trading at $34 million with approximately $10 million in 24-hour trading volume. PONS is the platform token of Pons, Robinhood Chain's native token issuance platform, which charges WETH fees for token creation and uses the proceeds to buy back PONS, while PONS fees are burned directly.
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